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Home»ALTCOIN NEWS»Arca EXEC writes a scratch on Circle after IPO
ALTCOIN NEWS

Arca EXEC writes a scratch on Circle after IPO

By Crypto FlexsJune 6, 20253 Mins Read
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Arca EXEC writes a scratch on Circle after IPO
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Circle is faced with criticism of JEFF DORMAN, the chief investment officer of Digital Asset Investment Form, and is allocated $ 135,000 for the company’s $ 135,000 allocation during the initial contest of the Stablecoin issuing agency.

In a public letter published on social media, Dorman accused the leadule and a bad judgment leadership, calling the assignment as “inappropriate” and announced that the account of all ARCA was closed in the circle.

According to Dorman’s post, ARCA has received $ 1,35,000 in the proposal for $ 10 million. Dorman said it was one of the first organizations that ARCA suggested. The management said the company was one of Circle’s initial patrons and kept it in the rumor of Circle, which delays the IPO plan due to the macroeconomic shock of tariffs. Readed letter:

“ARCA has been experiencing hell like all other password native companies for the past eight years. Most of us are stuck together to help each other. I can’t believe that our efforts to grow for several years have helped us joke and terrible allocation. You are the first and only cryptocurrency that treats ARCA in this way.”

“Most of ARCA’s executives left Wall Street eight years ago and started a crypto native company, especially when you were especially in a password native company to get out of Tradfi Clowns like you, ironically, you came completely.

source: Jeff Dorman

Dorman also said that ARCA is closing all accounts with a circle and that other companies will not be able to partner with the Stablecoin Giant.

CIRCLE debuted on June 5 after listing on the New York Stock Exchange (NYSE), and industry experts are considered to show important milestones in the encryption sector because the second largest publisher of the largest Stablecoin is opened with traditional finance.

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Full open letter for the circle. source: Jeff Dorman

relevant: 10% stake in IPO of Blackrock Eyes Circle -Report

Circle raises the IPO target twice during sales

Circle started the IPO on May 27 and announced its initial goals for 24 million weeks, and the company provided 9.6 million shares of ordinaryism and the remaining 14.4 million shares.