LOS ANGELES–(BUSINESS WIRE)–$FTT #FTT—The 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