Core Viewpoint - The lawsuit against DeFi Technologies alleges securities fraud, claiming that the company misled investors regarding its operational challenges and financial performance during the specified class period [3]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of investors who purchased DeFi securities from May 12, 2025, to November 14, 2025, alleging that the company made false statements and failed to disclose critical operational issues [3]. - Key allegations include delays in executing the DeFi arbitrage strategy, underestimating competition from digital asset treasury companies, and the likelihood of not meeting revenue guidance for fiscal year 2025 [3]. Financial Performance - On November 6, 2025, DeFi reported that "DATs have absorbed or delayed a significant share of arbitrage opportunities," leading to a share price decline of approximately 7.43%, from $1.75 to $1.62 [4]. - On November 14, 2025, DeFi announced a nearly 20% revenue decline, significantly lowering its 2025 revenue forecast from $218.6 million to approximately $116.6 million, attributing this to delays in executing arbitrage opportunities [5]. - Following the financial results announcement, DeFi's share price fell by approximately 14.63%, from $1.23 to $1.05 [5].