$4.2 billion cash-out storm: Senior executives of a certain compliance platform face collective lawsuits from shareholders.

SerumDegen

2025-12-02 01:10:26

[Chain News] At the beginning of December, a big scandal broke out, as shareholders of a certain Compliance platform sued the company's executives and director Marc Andreessen in a Delaware court.

The reason for the lawsuit is quite hardcore: it is said that these people knew that the platform had loopholes in KYC and anti-money laundering processes, and that there were risks of data leaks, yet they chose to remain silent. The more outrageous move was that, before the news was made public, they quickly cashed out $4.2 billion worth of stocks and left.

Shareholders are now demanding quite a lot — huge compensation plus board seats, which is quite ruthless. Interestingly, this platform recently announced that it would move its registered office from Delaware to Texas, citing one of the reasons as the “unpredictable” case law of Delaware courts. It now seems that the timing of this relocation operation is indeed subtle.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
4
Repost
Share

Comment

0/400

DAOdreamer

· 10h ago

4.2 billion for a trap, this wave of insider trading is really impressive.

View OriginalReply0

ContractSurrender

· 10h ago

Huh? 4.2 billion dollars just got trapped like this, even a Compliance platform dares to play like this, laughing to death --- Insider operation, the hand of cashing out with knowledge is indeed amazing, the anger of the shareholders is understandable --- Moving to Texas to avoid the Delaware court, but still got chased down, the timing is indeed a bit urgent --- There are loopholes in KYC and not to mention, how many people benefited from this --- Marc Andreessen also got dragged down this time, even big shots can't save this matter --- Not notifying before cashing out 4.2 billion, this shareholder must have really exploded --- The reason for the relocation is the unpredictability of the court, now taking the opposite position and getting sued, it's ironic --- Data leakage plus loopholes, covering it up while greedily cashing out, this is a bit harsh --- If a Compliance platform is like this, then what about non-compliance ones...

View OriginalReply0

SandwichTrader

· 10h ago

4.2 billion dollars trapped in a Rug Pull, this operation is incredible, just a step away from live streaming eating noodles.

View OriginalReply0

MoonMathMagic

· 10h ago

4.2 billion dollars trapped and fleeing, the "Compliance" of compliance platforms is truly a joke.

View OriginalReply0