The Law Offices of Frank R. Cruz announces an investigation of Bgin Blockchain Limited (“Bgin” or the “Company”) (NASDAQ: BGIN) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
On October 21, 2025, Bgin completed its Initial Public Offering (“IPO”).

On November 14, 2025, Bgin released unaudited financial results for the six months ended June 30, 2025, revealing that total revenue had declined roughly $96 million from the previous year,  operating expenses increased 582.8%, and the Company’s gross profit of $84.8 million in the prior year had plummeted to a gross loss of $6.3 million.

On December 5, 2025, Bgin disclosed that it had “terminated its employment relationship” with its Chief Communications Officer “on a mutual amicable basis.”

On December 15, 2025, Bgin disclosed that the Company had “resolved not to renew or negotiate new terms for continued engagement” with its current auditor and had “approved the engagement of . . . an independent registered public accounting firm, to serve as the auditor of the Company, effective December 12, 2025.”

As of December 29, 2025, Company’s shares have traded as low $2.45, a decline of $3.55 or 59% from the Company’s IPO price of $6.00 per share.