NEW YORK, Dec. 12, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating potential claims on behalf of investors of Singularity Future Technology Ltd (“Singularity” or the “Company”) (NASDAQ: SGLY).
If you purchased Singularity securities and would like to discuss our investigation, please contact us by emailing jcampisi@kaplanfox.com, by calling (212) 329-8571, or click here to contact.
On May 5, 2022, Hindenburg Research (Hindenburg) published a report alleging that Singularity is “an extremely obvious total scam, with little to no actual business operations.” The Hindenburg report also alleges, among other things, that Singularity’s CEO, Yang Jie, is a fugitive on the run from Chinese authorities for running an alleged $300 million Ponzi scheme that lured in over 20,000 victims and that Singularity’s massive cryptocurrency mining rig deal appears to be a brazen undisclosed related party deal.
On this news, Singularity’s stock pri
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