According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- DeFi Technologies was facing delays in executing its DeFi arbitrage strategy, which at all relevant times was a key revenue driver for DeFi Technologies;
- DeFi Technologies had understated the extent of competition it faced from other digital asset treasury (“DAT”) companies and the extent to which that competition would negatively impact its ability to execute its DeFi arbitrage strategy;
- as a result of the foregoing issues, DeFi Technologies was unlikely to meet its previously issued revenue guidance for the fiscal year 2025;
- accordingly, defendants had downplayed the true scope and severity of the negative impact that the foregoing issues were having on DeFi Technologies’ business and financial results; and
- as a result, defendants’ public statements were materially false and misleading at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
