Nasdaq Dey Warn TON Strategy: $558M Unauthorised Toncoin Buys

Nasdaq don yanwarn TON Strategy afta dem don complete $558 million PIPE financing on August 7 with Kingsway Capital, an den use almost half di money to buy Toncoin without gettin di required shareholder approval under Nasdaq rules. Di breach, we dem put for SEC 8-K, come from di firm wen dem issue ordinary shares we pass di 20% limit without consent. Nasdaq talk sey di violation no be intentional an dem no go delist dem, but dem yan formality to censore di firm. Di 8-K also show sey leadership don change: former TON Foundation chair Manuel Stotz don become executive chairman. CEO Veronika Kapustina, we dey warn about asset treasury bubbles for digital assets before, still dey run di company. TON Strategy share price jump from $9 to $22 for late summer before e fall to $4.14 — almost 80% drop. Traders suppose dey watch regulatory compliance, governance risk, an crypto treasury management trends to sabi how e go affect Toncoin and related token markets.