ruskin felix consulting Logo

Ruskin Felix Consulting

Ruskin Felix Consulting

Hindenburg Research’s on Block Inc. Alleged Fraud

Fall in revenue Hindenburg Research’s Report RFC

According to Hindenburg Research’s report on Block Inc., the company has wildly overstated its genuine user counts and has understated its customer acquisition costs. Former employees estimated that 40%-75% of the accounts they reviewed were fake or involved in fraud.

Scroll to Top


RFC helps clients generate long-term value for all stakeholders. We help clients transform, grow, and operate while fostering trust through assurance with our services and solutions, which are made possible by data and technology.


RFC’s key reports and insights about trending areas of business and enterprise. Understanding the aspects of business, growth, sustainability and efficiency in the rapidly developing world.

Featured Reports

Understanding and highlighting key trends to benchmark and assess global growth potential and global economic prospects for 2023