Summary by Moomoo AI
On September 17, 2024, the Israel Securities Authority and Tax Authority conducted a search of HUB Cyber Security's office as part of an investigation into potential violations of securities, penal, and tax laws by former and current officers.According to the company's statement, the investigation is connected to matters previously examined in an internal investigation conducted by a special committee appointed by the board of directors in April 2023. The company is cooperating with authorities as the investigation continues.