Bgin Blockchain Limited Investigated by the Portnoy Law Firm

GlobeNewswire Inc. • Jan 5, 2026 4:00pm (New York) •By Portnoy Law Firm

Bgin Blockchain Limited Investigated by the Portnoy Law Firm

The Portnoy Law Firm has initiated an investigation into possible securities fraud at Bgin Blockchain Limited following the company's IPO in October 2025. The investigation was prompted by significant financial deterioration disclosed in November 2025, including a $96 million revenue decline, a 582.8% increase in operating expenses, and a swing from $84.8 million gross profit to a $6.3 million gross loss. Additional red flags include the termination of the Chief Communications Officer in December and an auditor change. The stock has declined 59% from its $6.00 IPO price to $2.45.

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Insights

BGIN negative

Significant financial deterioration with $96 million revenue decline, 582.8% operating expense increase, swing from $84.8M gross profit to $6.3M gross loss, executive departure, auditor change, and 59% stock price decline from IPO price indicate serious operational and financial problems, triggering securities fraud investigation.

Keywords

#securities fraud #class action #IPO #financial decline #auditor change #stock decline

Tickers

BGIN

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