A little-known import/export financier soared 2,400% after buying a blockchain technology — but now shares are crashing off their highs

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Markets Insider

  • Longfin is a small import-export financier that was little known before buying Ziddu, a blockchain company specializing in business-to-business warehouse payments.
  • Longfin shares skyrocketed 2,400% in a matter of days after buying Ziddu.
  • Shares were up more than 500% on Monday before crashing off their highs. Longfin still trades up 240% on Monday.
  • Longfin is the most recent example in a long-running list of companies that explode after pivoting to cryptocurrencies or announcing a new focus on blockchain technology.

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