TechFlow News — David Hoffman, co-founder of Bankless, apologized for spreading what he called a "Wells notice carpet bombing" rumor targeting crypto companies, including the decentralized finance protocol Lido Finance. Hoffman shared unverified information during the Bankless Show podcast on March 3 and later clarified and apologized on Twitter the same day.
According to CoinMarketCap data, the rumor caused Lido DAO (LDO) token price to drop nearly 20% on March 3. Lido Finance did not immediately respond to Cointelegraph's request for comment.
A Wells notice is a warning issued by regulators to inform a company of potential violations identified during an investigation. Essentially, it is a letter notifying the company of impending enforcement action. Source link
