SAN FRANCISCO, March 08, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges traders in Bit Digital, Inc. (NASDAQ: BTBT) with important losses submit your losses now. A securities fraud class motion has been filed and sure traders could have priceless claims.
Class Interval: Dec. 21, 2020 – Jan. 8, 2021
Lead Plaintiff Deadline: Mar. 22, 2021
Go to: www.hbsslaw.com/investor-fraud/BTBT
Contact An Lawyer Now: BTBT@hbsslaw.com
Bit Digital, Inc. (BTBT) Securities Fraud Class Motion:
The criticism alleges that Defendants misled traders about Bit Digital’s enterprise operations and prospects by concealing that the corporate exaggerated its bitcoin mining operation.
Traders allegedly started to be taught the reality on Jan. 11, 2021, when market analyst J Capital Analysis issued a scathing report in regards to the firm, concluding that Bit Digital operates “a pretend crypto foreign money enterprise” “designed to steal funds from traders.”
Based on J Capital, “[t]he firm reported at finish Q3 2020 that it was working 22,869 bitcoin miners in China,” however that “is just not doable” and “[w]e verified with native governments supposedly internet hosting the BTBT mining operation that there are not any bitcoin miners there.”
In response, the worth of Bit Digital shares crashed decrease.
Most just lately, on Feb. 3, 2021 Bit Digital introduced its chairwoman (Ping Liu) resigned, its CEO (Min Hu) was terminated, and its Chief Technique Officer (Hong Yu) resigned.
“We’re targeted on investor losses and proving Bit Digital faked its enterprise by falsely portraying itself as a participant in bitcoin mining,” stated Reed Kathrein, the Hagens Berman companion main the investigation.
In case you are a Bit Digital investor or have info that will help our investigation, click on right here to debate your authorized rights with Hagens Berman.
Whistleblowers: Individuals with private info relating to Bit Digital ought to take into account their choices to assist in the investigation or make the most of the SEC Whistleblower program. Below the brand new program, whistleblowers who present unique info could obtain rewards totaling as much as 30 % of any profitable restoration made by the SEC. For extra info, name Reed Kathrein at 844-916-0895 or e-mail BTBT@hbsslaw.com.
About Hagens Berman
Hagens Berman is a nationwide regulation agency with 9 workplaces in eight cities across the nation and eighty attorneys. The agency represents traders, whistleblowers, employees and customers in complicated litigation. Extra in regards to the agency and its successes is situated at hbsslaw.com. For the most recent information go to our newsroom or observe us on Twitter at @classactionlaw.
Reed Kathrein, 844-916-0895