[codingpanic]

Weird, I use cashapp as my daily debit card. Figure it reduces overall risk by only having a set amount available for use at any time.

If I need to spend more? I move it to cash app, then spend it.

My main checking and savings accounts do not even have cards that are active. Its all cash app all the time.

Not saying they aren't doing anything wrong, just that there are plenty of legitimate uses for the service.

[polygamous_bat]

I don't believe Hindenburg is claiming that 100% of all uses of Block is fraudulent. For any service, something between 0 and 100% of use case generally is fraud; their claim is that the actual percentage is much higher than what the public knows, and thus the market is overvaluing Block.