Core Viewpoint - Bgin Blockchain Limited is under investigation for potential violations of federal securities laws following significant financial losses and changes in auditor engagement [1][2][3]. Financial Performance - Bgin Blockchain Limited reported a decline in total revenue of approximately $96 million for the six months ending June 30, 2025, compared to the previous year [2]. - The company's operating expenses surged by 582.8%, leading to a gross loss of $6.3 million, a stark contrast to the gross profit of $84.8 million reported in the prior year [2]. Auditor Engagement - On December 15, 2025, Bgin announced it would not renew its current auditor and instead approved the engagement of a new independent registered public accounting firm effective December 12, 2025 [3]. - Following this announcement, Bgin's shares experienced a significant drop of over 59% on December 29, 2025 [3].
Levi & Korsinsky Launches Fraud Investigation on Behalf of Bgin Blockchain Limited (BGIN) Shareholders