Fashion tech startup CEO retained position for 3 months after $283M fraud scheme revealed, according to a report.
CaaStle CEO Found to Have Defrauded Investors The board of the fashion tech startup CaaStle reportedly discovered that CEO Christine Hunsicker had engaged in fraudulent activities, deceiving investors out of $283 million. Despite this serious violation, she was allowed to stay in her role for an additional three months. Hunsicker co-founded CaaStle, an online fashion […]
Binance Refunds $283M Following Market Collapse and Asset Depegging Problems
Simply put Binance stated that reports of tokens dropping to zero were related to a display error, and that its system was fully operational during the significant $19 billion market-wide liquidation. The tokens affected and depegged on exchanges included USDe, BNSOL, and wBETH. Analysts noted that the dividend payout was unusual and likely intended to […]