One insider bought 35,000 shares of the company’s stock, which pumped on the news, selling after the announcement was formalized.
The FBI is seeking evidence of insider trading relating to the 2017 blockchain pivot of Long Island Iced Tea, a warrant indicates.
Long Blockchain is appealing a delisting decision from Nasdaq which, according to a letter, believes the publicly-traded company misled its investors.
Long Blockchain announced it would appeal a notice by Nasdaq informing it that its stock was at risk of being delisted.