Citing concern on the accuracy and adequacy of information in the marketplace, the SEC has suspended trading Crypto Co (OTCPK:CRCW).
The suspension is to stay in place through January 3 WOW.
The thinly traded stock – backed by a company with very little in the way of assets or income – exploded to as high as a $12B valuation earlier this month.
Checking other blockchain-related absurdities, Longfin (NASDAQ:LFIN) is down a mere 8.5% today to $66.15, and now off 50% from yesterday’s peak. This is an issue.
The recently-IPO’d fintech company sports just shy of a $4B valuation.