Anyway, in his day job, Back is now the chief executive officer of Bitcoin Standard Treasury Company, a digital asset treasury company planning to go public by merger with a special-purpose acquisition company, of course. […]
One more point. Carreyrou writes:
“As chief executive of the merged company, Mr. Back was required under U.S. securities law to disclose any information that was material to its investors. A secret stash of 1.1 million coins that could crash the Bitcoin market if it were suddenly sold, for example, would probably be considered material.”
Everything, I often say around here, is securities fraud. It would be satisfying if being Satoshi Nakamoto is also securities fraud.
