Crypto platform Webull faces criticism for its supposed connections to China
Webull, the cryptocurrency trading platform under scrutiny for its potential connections to China, has seen its shares plummet nearly 76% since it went public via a special acquisition company early last year. This steep decline isn’t particularly shocking when considering the ongoing concerns discussed in On The Money. Since at least 2023, this column has […]
Trading app Webull drops 18 percent due to connections to the Chinese government and national security issues, according to a report.
Webull’s Links to the Chinese Government Raise Concerns Webull, a digital brokerage platform, has come under scrutiny for its connections to the Chinese government, which some U.S. lawmakers believe could pose a national security risk to the country’s financial system. Following a CNBC report, shares of Webull—similar to Robinhood, with around 28 million users worldwide—dropped […]