Categories: BusinessWire

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims on Behalf of Investors in FTX Tokens

Published by
Business Wire News


LOS ANGELES–(BUSINESS WIRE)–$FTT #FTTThe Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in FTX Tokens (FTT) against FTX Trading Ltd. (“FTX”) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. In early November, FTX quickly crumbled as allegations against founder and CEO Sam Bankman-Fried, such as a November 2 article published by Coindesk that examined the close relationship between FTX and Bankman-Fried’s Alameda hedge fund, which held a large amount of FTX Tokens on its balance sheet. On November 9, the Wall Street Journal reported that bailout efforts had failed, leaving FTX with “a shortfall of up to $8 billion, according to people familiar with the matter.” The next day, the Journal reported that FTX was the subject of multiple federal investigations. Following these developments, the token price of FTX Tokens crashed.

If you are a FTX Token investor who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contacts

The Schall Law Firm

Brian Schall, Esq.

310-301-3335

info@schallfirm.com
www.schallfirm.com

Business Wire News
Share
Published by
Business Wire News

Recent Posts

Repurchase of own shares on 27.01.2023

Nokia CorporationStock Exchange Release27 January 2023 at 21:00 EET Nokia Corporation: Repurchase of own shares… Read More

4 mins ago

Paris 2024 launches charitable ticketing initiative to ensure open and accessible Games

27 Jan 2023 - The Paris 2024 Organising Committee has launched a charitable ticketing programme that… Read More

5 mins ago

Avenue Therapeutics Announces $3.25 Million Registered

MIAMI, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Avenue Therapeutics, Inc. (Nasdaq: ATXI) (“Avenue” or the… Read More

6 mins ago

iQor Joins Customer Contact Week 2023

iQor to Feature Strategic Outsourcing Case Studies That, in Collaboration With Clients, Saved More Than… Read More

7 mins ago

Westwood One to Broadcast NFL Conference Championship

NEW YORK, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Cumulus Media’s (NASDAQ: CMLS) Westwood One, America’s… Read More

50 mins ago

Akerna Corp. Announces Merger with Gryphon Digital Mining

Gryphon Digital Mining, a privately held bitcoin mining company, to merge with Akerna in an all-stock transaction… Read More

1 hour ago