Trading in the fintech company's shares has been halted.
News & Analysis: LongFin Corp
The controversial stock surged in the morning before being halted. News of SEC actions emerged soon after.
The CEO defended the company on CNBC.
The controversial company disclosed an SEC probe and severe problems with its financial reporting.
To blame: removal from the Russell 2000 index, and an insane valuation.
The fintech and cryptocurrency company is being removed from the Russell 2000 Index. Here's what happened.