Australian buy-now-pay-later provider Zip Co sees its share price fall sharply after it flags an incident involving US fraud and associated costs. Two outlets report the decline as about a quarter or more, while others describe a larger move, indicating heavy volatility in reaction to the company’s disclosure.

Bloomberg says Zip Co roughly halves in response to costs it flags as linked to an external fraud event in the United States. It reports Zip flagged A$10.1 million ($7.1 million) in expenses tied to that US incident. The West Australian also attributes a halving of the share price to the flagged US fraud-linked expenses, and separately frames the move as occurring alongside other deterioration such as additional bad debts.

Across coverage, the common thread is the market impact of Zip’s disclosure about US fraud-related expenses. Differences center on how much the stock moves (ranging from about 25–29% to about 50%) and whether outlets add extra financial context beyond the fraud-linked costs.