The Portnoy Law Firm is looking into Bgin Blockchain Limited, a company listed on the Nasdaq with the ticker BGIN, for possible violations of federal securities laws. The company said it is thinking about filing a class action lawsuit on behalf of investors who bought shares in the company.
Bgin’s first public offering took place on October 21, 2025, and shares were sold for $6.00 each. After the IPO, the company made a number of disclosures, which caused its share price to drop sharply.
Bgin released unaudited financial results for the six months ending June 30, 2025, on November 14, 2025. The filing showed that performance had gotten much worse compared to the previous year. Year over year, revenue dropped by about $96 million. The costs of running the business went up by 582.8%. The company lost $6.3 million in gross profit, which is less than the $84.8 million it made in gross profit during the same time last year.
In December, more changes to the company were made public. On December 5, 2025, Bgin said that its Chief Communications Officer would no longer be working there. The company said that the split was friendly and mutual.
Ten days later, on December 15, 2025, Bgin said it would not renew or change the terms of its contract with its current auditor. The board agreed to hire a new independent registered public accounting firm, and the change will take effect on December 12, 2025.
After these announcements, Bgin’s stock lost a lot of value. Shares had dropped to $2.45 by December 29, 2025. This was a drop of $3.55 per share, or about 59%, from the price at the IPO.
The Portnoy Law Firm said it is looking into whether Bgin and some of its executives made statements that were materially misleading or did not tell investors important information. The company has asked its shareholders to get in touch with its lawyers to talk about possible legal claims and ways to get their money back. It is giving investors free case evaluations.
The company said that it represents investors in cases where a company is accused of wrongdoing. The firm says that its founding partner has already gotten back more than $5.5 billion for investors. The announcement also made it clear that the communication is an ad for lawyers.
