Canaan Sued Over Alleged ‘Fake’ Deal, Stock Sees Historic Low
While the current climate seems uneasy for all cryptocurrency businesses, some of them have to deal with extra difficulties.
Earlier this month, investors filed a class-action lawsuit against Canaan, a Nasdaq-listed cryptocurrency mining hardware producer. The case is largely based on a February report submitted by an analysis organization called Marcus Aurelius Value, which argued that the mining firm has made misleading statements regarding its financial health.
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