{"id":473105,"date":"2021-04-07T13:42:51","date_gmt":"2021-04-07T17:42:51","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473105"},"modified":"2021-04-07T13:42:51","modified_gmt":"2021-04-07T17:42:51","slug":"hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ebang International Holdings (EBON) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations"},"content":{"rendered":"
\n

SAN FRANCISCO, April 07, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Ebang International Holdings (NASDAQ: EBON<\/strong>) investors with significant losses to submit your losses now<\/a>. The firm is investigating possible securities fraud and certain investors may have valuable claims.<\/p>\n\n\n\n\n
\n Visit:<\/strong>
\n www.hbsslaw.com\/investor-fraud\/EBON<\/a>
\n \n <\/td>\n<\/tr>\n
\n Contact An Attorney Now:<\/strong>\u00a0<\/td>\n\n EBON@hbsslaw.com<\/a>\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n844-916-0895<\/td>\n<\/tr>\n<\/table>\n

\n Ebang International Holdings (NASDAQ: EBON) Investigation:<\/strong>
\n \n <\/p>\n

The investigation focuses on the accuracy of Ebang\u2019s statements concerning its use of capital raised from investors and its claim to be a leading manufacturer of bitcoin mining machines.<\/p>\n

More specifically, over the past year, Ebang raised approximately $374 million from investors in public offerings and represented it would use these proceeds to \u201cfurther expand our operations\u201d in cryptocurrency mining, exchange platforms, and general corporate purposes.<\/p>\n

These statements were brought into question on Apr. 6, 2021, when analyst Hindenburg Research <\/em>published a scathing report entitled \u201cEbang: Yet Another Crypto \u2018China Hustle\u2019 Absconding With U.S. Investor Cash.\u201d<\/p>\n

According to Hindenburg<\/em>, the company directed much of the cash out of the company through a series of opaque deals with entities linked to Ebang\u2019s Chairman\/CEO and its underwriter.\u00a0\u00a0 Specifically, Hindenburg<\/em> concludes the company directed (1) $103 million into bond purchases linked to its underwriter which has a track record of fraud allegations levied against it, and (2) $21 million to a relative of its Chairman\/CEO coincident with raising that amount from investors.<\/p>\n

\n Hindenburg<\/em> also concludes Ebang is not a leading bitcoin mining machine producer, only sold a pittance compared to other large Chinese producers, and is slated for a 97% decline in such sales for FY 2020.<\/p>\n

In response, the price of Ebang shares declined sharply.<\/p>\n

\u201cWe\u2019re focused on investors\u2019 losses and whether Ebang lied to investors about its true operations and use of capital,\u201d said Reed Kathrein, the Hagens Berman partner leading the investigation.<\/p>\n

If you are an Ebang investor and have significant losses, or have knowledge that may assist the firm\u2019s investigation, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/strong>Persons with non-public information regarding Ebang should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895<\/strong> or email EBON@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/u>
\n <\/a>
\n
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0\u00a0 More about the firm and its successes is located at hbsslaw.com<\/a>. For the latest news visit our newsroom<\/u><\/a> or follow us on Twitter at @classactionlaw<\/u><\/a>.<\/p>\n

\n Contact: <\/u>
\n
Reed Kathrein, 844-916-0895<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SAN FRANCISCO, April 07, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Ebang International Holdings (NASDAQ: EBON) investors with significant losses to submit your losses now. The firm is investigating possible securities fraud and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/EBON Contact An Attorney Now:\u00a0 EBON@hbsslaw.com\u00a0 \u00a0 844-916-0895 Ebang International Holdings (NASDAQ: EBON) Investigation: The investigation focuses on the accuracy of Ebang\u2019s statements concerning its use of capital raised from investors and its claim to be a leading manufacturer of bitcoin mining machines. More specifically, over the past year, Ebang raised approximately $374 million from investors in public offerings and represented it would use these proceeds to \u201cfurther expand our operations\u201d in cryptocurrency mining, exchange platforms, and general corporate purposes. … <\/p>\n

Continue reading “HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ebang International Holdings (EBON) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations”<\/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-473105","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ebang International Holdings (EBON) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations - 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\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ebang International Holdings (EBON) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, April 07, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges Ebang International Holdings (NASDAQ: EBON) investors with significant losses to submit your losses now. 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More specifically, over the past year, Ebang raised approximately $374 million from investors in public offerings and represented it would use these proceeds to \u201cfurther expand our operations\u201d in cryptocurrency mining, exchange platforms, and general corporate purposes. … Continue reading "HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ebang International Holdings (EBON) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-07T17:42:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzEyMiM0MTEwMzY4IzIwMTg1MzI=\" \/>\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\\\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ebang International Holdings (EBON) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations\",\"datePublished\":\"2021-04-07T17:42:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/\"},\"wordCount\":478,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMzEyMiM0MTEwMzY4IzIwMTg1MzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/\",\"name\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ebang International Holdings (EBON) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations - 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The firm is investigating possible securities fraud and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/EBON Contact An Attorney Now:\u00a0 EBON@hbsslaw.com\u00a0 \u00a0 844-916-0895 Ebang International Holdings (NASDAQ: EBON) Investigation: The investigation focuses on the accuracy of Ebang\u2019s statements concerning its use of capital raised from investors and its claim to be a leading manufacturer of bitcoin mining machines. More specifically, over the past year, Ebang raised approximately $374 million from investors in public offerings and represented it would use these proceeds to \u201cfurther expand our operations\u201d in cryptocurrency mining, exchange platforms, and general corporate purposes. … Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ebang International Holdings (EBON) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-07T17:42:51+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzEyMiM0MTEwMzY4IzIwMTg1MzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ebang International Holdings (EBON) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations","datePublished":"2021-04-07T17:42:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/"},"wordCount":478,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzEyMiM0MTEwMzY4IzIwMTg1MzI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-ebang-international-holdings-ebon-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/","name":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Ebang International Holdings (EBON) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations - 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