SAN FRANCISCO, March 20, 2021 (GLOBE NEWSWIRE) – Hagens Berman calls on Bit Digital, Inc. investors. (NASDAQ: BTBT) For losses greater than $ 100,000, submit your losses now.
School lesson: Dec. Dec. 21, 2020 – Jan. 11, 2021
Deadline of the main plaintiff: March 22, 2021
Contact an attorney now: [email protected]
Bit Digital, Inc. (BTBT) class action lawsuit against securities fraud:
The complaint alleges that defendants misled investors about Bit Digital’s business and prospects by hiding that the company exaggerated its Bitcoin mining.
Investors allegedly began to learn the truth on January 11, 2021 when market analyst J Capital Research released a scathing report on the company, in which he concluded that Bit Digital is “running a fake cryptocurrency business” “for money from Stealing Investors ”.
According to J Capital[t]The company reported at the end of the third quarter of 2020 that it had 22,869 Bitcoin miners in China, but that “it just can’t be” and “[w]We checked with the local governments that allegedly mine BTBT that there are no Bitcoin miners there. “
In response, Bit Digital stocks plummeted.
Most recently, on February 3, 2021, Bit Digital announced that its Chairman (Ping Liu) had resigned, its CEO (Min Hu) had been fired and its Chief Strategy Officer (Hong Yu) had resigned.
“We’re focusing on investor losses and proving that Bit Digital has faked its business by falsely portraying itself as a player in Bitcoin mining,” said Reed Kathrein, the Hagens Berman partner who led the investigation.
If you are a Bit Digital investor or have information that may aid our investigation, click here to discuss your legal rights with Hagens Berman.
Whistleblower: Individuals with nonpublic information about Bit Digital should consider their options to help with the investigation or to take advantage of the SEC’s whistleblower program. Under the new program, whistleblowers who provide original information can receive rewards of up to 30 percent for each successful SEC recovery. Further information is available from Reed Kathrein at 844-916-0895 or send an email to [email protected]
About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities across the country and eighty attorneys. The firm represents investors, whistleblowers, employees and consumers in complex legal disputes. More information about the company and its achievements can be found at hbsslaw.com. For the latest news, visit our newsroom or follow us on Twitter @classactionlaw.
Reed Kathrein, 844-916-0895