🔍US federal prosecutors are reportedly investigating Jack Dorsey's Block, Inc. after a whistleblower alleged compliance violations at Square and Cash App. The ex-employee claims the firms processed transactions for users in sanction-hit countries and even for terrorist groups! 😲💸

The whistleblower also stated that these credit card, fiat, and Bitcoin transactions were not reported to the government. Despite being alerted, Block didn't rectify its processes. Another anonymous source confirmed these allegations.

Block, however, maintains that it has a "responsible and extensive" compliance program. This probe comes amidst a broader legal action against crypto firms in the US.

What are your thoughts on this? 🤔 Let's discuss in the comments! #CryptoNews #BlockInc #ComplianceDrama