#temporarily lost its peg and fell below $0.87, as its issuer, Circle, #admitted that it held $3.3 billion at SVB.
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#admitted
That day, the bank #admitted “material weakness in our internal control over #financial reporting” after its 2022 performance was the worst since the 2008 global financial crisis.
He #admitted he knew for months that Alameda Research, the exchange’s trading arm, was #borrowing billions of dollars in funds from FTX without customers’ knowledge.
The developer of a Mutant Ape Yacht Club knock-off #collection has allegedly defrauded investors of $2.9 million and #admitted to a rug pull.
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