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u/11thestate
1 day ago
πΊππππ π°πππ :stonk:
Updates for Getting Payment on the Ryvyl ($RVYL) $300K Settlement
Ryvyl ($RVYL) is now considering late claims for its $300K investor settlement.
Ryvyl positioned itself as a growing fintech company, but investors later claimed the company misrepresented its financial condition by inflating revenue and assets while understating losses.
On January 20, 2023, Ryvyl disclosed accounting errors and said previous financial statements could no longer be relied upon. $RVYL fell 14.6% on January 23, and investors later sued, alleging the company misled them about its financial health.
The case has now resulted in a $300,000 settlement, and late claims are still being considered - Check if you're eligible and file a claim here.