SAN FRANCISCO, Jan. 11, 2021 /PRNewswire/ — Hagens Berman notifies buyers in Bit Digital, Inc. (NASDAQ: BTBT) of the agency’s investigation into potential securities legislation violations. Sure buyers with losses could have helpful claims and are inspired to submit their losses now. The agency additionally encourages individuals who could possibly help the investigation to contact the agency.
Bit Digital, Inc. (BTBT) Investigation:
The investigation facilities on whether or not Bit Digital could have misled buyers concerning the firm’s bitcoin mining actions.
Extra particularly, on Jan. 11, 2021, market analyst J Capital Analysis issued a scathing report concerning the firm, concluding that Bit Digital operates “a pretend crypto forex enterprise” “designed to steal funds from buyers.”
In keeping with J Capital, “[t]he firm reported at finish Q3 2020 that it was working 22,869 bitcoin miners in China,” however that “is solely not potential” and “[w]e verified with native governments supposedly internet hosting the BTBT mining operation that there are not any bitcoin miners there.”
“We’re targeted on investor losses and whether or not Bit Digital could have faked its enterprise,” mentioned Reed Kathrein, the Hagens Berman accomplice main the investigation.
In case you are a Bit Digital investor or have data which will help our investigation, click here to discuss your legal rights with Hagens Berman.
Whistleblowers: Individuals with private data concerning Bit Digital ought to contemplate their choices to assist in the investigation or benefit from the SEC Whistleblower program. Beneath the brand new program, whistleblowers who present authentic data could obtain rewards totaling as much as 30 % of any profitable restoration made by the SEC. For extra data, name Reed Kathrein at 844-916-0895 or electronic mail [email protected].
About Hagens Berman
Hagens Berman is a nationwide legislation agency with 9 places of work in eight cities across the nation and eighty attorneys. The agency represents buyers, whistleblowers, employees and customers in advanced litigation. Extra concerning the agency and its successes is situated at hbsslaw.com. For the most recent information go to our newsroom or comply with us on Twitter at @classactionlaw.
Reed Kathrein, 844-916-0895
SOURCE Hagens Berman Sobol Shapiro LLP