Barnbridge is facing hurdles in crypto world.
As we all know that $1.7M isn't sound as hefty in the crypto world when we hear the news that #hackers stole more than Billion dollars like #Lazarus Group etc. But what matters is this that small sum amount still can grow to be a big project in the crypto if used right.
#SEC , after SEC announced its decision that they ( Barnbridge) failed to register BarnBridge’s offer and sale of structured crypto asset securities known as SMART Yield bonds. And two founders, Tyler Ward and Troy Murray agreed to pay the fine, no questions asked. Whatsoever.
#BOND/USDT X ( former Twitter) account shows inactivity of the team since July 2023.
AFTER its listing around July 2022 on #Binance.US it faces delisting on 17jan2024.
Here are some questions as a trader
Is SEC right by slamming a hefty sum fine of 1.7M dollars? For a project that low market cap.
Does Barnbridge lack stability in their inner structure to provide better strategy to do what is right for its users who believe that $BOND could still be a good investment?