[Fugazi Short Report: SDEV 'Uninvestable at Any Price Above Zero'] Golden Finance reported on October 6, citing CryptoBriefing, that the short-selling research firm Fugazi Research released a report rating the stock of stablecoin development company (SDEV) as 'uninvestable at any price above zero.' The report claims that although the company operates under the name of stablecoins, it lacks the relevant infrastructure and actual operational business, essentially functioning as a holding company for SKY tokens. As of October 2, SDEV holds approximately 2.32 billion SKY tokens, accounting for about 10% of the total supply, with a fair market value of approximately $180 million. Its second-quarter staking revenue was $2.2 million, with no significant operational income. The report also warns that the pending S-3 registration may approve the resale of 212.9 million shares, equivalent to four times the current outstanding shares. Additionally, the company's own disclosures have flagged potential wash trading or artificially inflated trading volumes.