Hindenburg Report Reveals Criminal Activity on Cash App, Jack Dorsey's Net Worth Takes a Hit

Hindenburg Research has accused Block, the company behind Cash App, of allowing criminal activity and fraud to thrive on its platform. The report alleges that Block inflated its customer growth, allowed fake accounts to thrive, and dodged revenue regulations. Block has denied the allegations and is cooperating with the SEC's investigation. Cash App users should be cautious of scams, including cash flipping, accidental payment, and claim your payment scams.