Payward won the arbitration with former auditing firm Mazars USA, and the arbitrator ruled that Mazars must pay Payward $22 million. Payward is requesting confirmation of the ruling from the Delaware Court of Chancery. Payward claimed that Mazars suddenly withdrew from the audit almost completed, causing damage to the company's reputation and incurring legal fees. Payward Co CEO Arjun Sethi stated that auditing is a critical infrastructure for maintaining bank relationships and regulatory trust, and the unjustified withdrawal of auditing firms would leave the company in doubt.
According to CCTV News, the US Central Command has announced that its troops have launched a series of strikes against Iran in response to Iran's attacks on three merchant ships in the Strait of Hormuz.
The US Commodity Futures Trading Commission has accused Argent Capital Management and its founder Trevor Vernon of fraud in North Carolina. Trevor Vernon raised over $14 million from at least 60 investors, sent false performance reports, and used new investor funds to pay existing participants. （CoinDesk）
Eric Trump stated that American Bitcoin continued to increase its holdings of BTC in the first quarter with a mining profit margin of 52%. （Cointelegraph）
Morgan Stanley analyst Rajat Gupta stated that the merger of Tesla and SpaceX faces obstacles such as regulatory approvals from multiple jurisdictions, governance, and symmetrical voting rights, and it is believed that the merger will be led by SpaceX. Morgan Stanley believes that if the transaction occurs, the most likely structure is for SpaceX to acquire Tesla in an all stock manner. Rajat Gupta has a neutral rating for Tesla with a target price of $475.
