{"id":472303,"date":"2021-04-06T18:52:02","date_gmt":"2021-04-06T22:52:02","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472303"},"modified":"2021-04-06T18:52:02","modified_gmt":"2021-04-06T22:52:02","slug":"lost-money-in-ebang-international","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lost-money-in-ebang-international\/","title":{"rendered":"Lost Money in Ebang International?"},"content":{"rendered":"

<\/p>\n

Lost Money in Ebang International? <\/b><\/p>\n

Gibbs Law Group Investigates Potential Securities Law Violations<\/b><\/p>\n

OAKLAND, Calif.–(BUSINESS WIRE<\/a>)–
\nEbang International Holdings Inc. shares dropped 13% in intraday trading on April 6, 2021 after a report by Hindenburg Research alleged the Chinese cryptocurrency company has funneled hundreds of millions of dollars from investors towards \u201cquestionable counterparties\u201d and \u201cinsiders.\u201d Gibbs Law Group is investigating a potential Ebang Stock Class Action Lawsuit<\/a> on behalf of investors who lost money in Ebang International (NASDAQ:EBON).\n<\/p>\n

To speak with an attorney regarding this class action lawsuit investigation, click here<\/a><\/span> or call (888) 410-2925.<\/b><\/p>\n

\nOn Tuesday April 6, 2021, Hindenburg Research released a report alleging that after raising four rounds of funding from investors since its IPO in June 2020, Ebang has directed over $100 million towards \u201copaque deals with insiders\u201d and \u201cquestionable counterparties\u201d instead of developing its business operations as promised. For example, in November 2020 Ebang raised $21 million in its first secondary offering and claimed proceeds would go \u201cprimarily for development,\u201d but the company then spent $21 million repaying related-party loans to a relative of Ebang\u2019s Chairman and CEO, Dong Hu.\n<\/p>\n

\nThough Ebang debuted as a \u201cleading bitcoin mining machine producer,\u201d Hindenburg alleges its final miner was released in May 2019 and that sales of miners have since \u201cdwindle[d] to near-zero.\u201d Then, Ebang reports its cryptocurrency exchange Ebonex is one of the largest spot exchanges in the world, but Hindenburg alleges Ebonex appears to have \u201cno online presence\u201d and its volumes appear \u201cfictitious.\u201d\n<\/p>\n

\nOn this news, Ebang\u2019s stocks dropped 13% in intraday trading on Tuesday April 6, 2021, causing significant harm to investors.\n<\/p>\n

What Should<\/b>Ebang Investors Do?<\/b><\/p>\n

\nIf you invested in Ebang, visit our website<\/a> or contact our securities team directly at (888) 410-2925 <\/b>to discuss how you may be able to recover your losses. Our investigation concerns whether Ebang International Holdings Inc. has violated federal securities laws.\n<\/p>\n

About Gibbs Law Group<\/b><\/p>\n

\nGibbs Law Group represents individual and institutional investors throughout the country in securities litigation<\/a> to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world\u2019s largest corporations, and our attorneys have received numerous honors for their work, including \u201cBest Lawyers in America,\u201d \u201cTop Plaintiff Lawyers in California,\u201d \u201cCalifornia Lawyer Attorney of the Year,\u201d \u201cTop Class Action Attorneys Under 40,\u201d \u201cConsumer Protection MVP,\u201d and \u201cTop Cybersecurity\/ Privacy Attorneys Under 40.\u201d\n<\/p>\n

This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules. <\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210406006168\/en\/<\/a><\/span><\/p>\n

\nCATHERINE CONROY
\n
PHONE: 510.350.9705
\n
EMAIL: CRC@CLASSLAWGROUP.COM<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Lost Money in Ebang International? Gibbs Law Group Investigates Potential Securities Law Violations OAKLAND, Calif.–(BUSINESS WIRE)– Ebang International Holdings Inc. shares dropped 13% in intraday trading on April 6, 2021 after a report by Hindenburg Research alleged the Chinese cryptocurrency company has funneled hundreds of millions of dollars from investors towards \u201cquestionable counterparties\u201d and \u201cinsiders.\u201d Gibbs Law Group is investigating a potential Ebang Stock Class Action Lawsuit on behalf of investors who lost money in Ebang International (NASDAQ:EBON). To speak with an attorney regarding this class action lawsuit investigation, click here or call (888) 410-2925. On Tuesday April 6, 2021, Hindenburg Research released a report alleging that after raising four rounds of funding from investors since its IPO in June … <\/p>\n

Continue reading “Lost Money in Ebang International?”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472303","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLost Money in Ebang International? - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lost-money-in-ebang-international\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lost Money in Ebang International? - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Lost Money in Ebang International? Gibbs Law Group Investigates Potential Securities Law Violations OAKLAND, Calif.–(BUSINESS WIRE)– Ebang International Holdings Inc. shares dropped 13% in intraday trading on April 6, 2021 after a report by Hindenburg Research alleged the Chinese cryptocurrency company has funneled hundreds of millions of dollars from investors towards \u201cquestionable counterparties\u201d and \u201cinsiders.\u201d Gibbs Law Group is investigating a potential Ebang Stock Class Action Lawsuit on behalf of investors who lost money in Ebang International (NASDAQ:EBON). To speak with an attorney regarding this class action lawsuit investigation, click here or call (888) 410-2925. On Tuesday April 6, 2021, Hindenburg Research released a report alleging that after raising four rounds of funding from investors since its IPO in June … Continue reading "Lost Money in Ebang International?"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lost-money-in-ebang-international\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T22:52:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210406006168r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lost-money-in-ebang-international\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lost-money-in-ebang-international\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lost Money in Ebang International?\",\"datePublished\":\"2021-04-06T22:52:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lost-money-in-ebang-international\\\/\"},\"wordCount\":449,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lost-money-in-ebang-international\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210406006168r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lost-money-in-ebang-international\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lost-money-in-ebang-international\\\/\",\"name\":\"Lost Money in Ebang International? 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