NEW YORK, March 17, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against FTX tokens FTTG-III Garment Group, Ltd. GIIIBright Green Corporation BGXXand Consensus Cloud Solutions, Inc. CCSI. Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.

FTX Token FTT

On November 2, 2022, Coindesk published an article titled “Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet,” which alleged issues with the close relationship between Alameda Research and FTX and the large FTT holdings of Alameda Research revealed.

Then, on November 6, 2022, Binance Chief Executive Officer Changpeng Zhao announced on Twitter that Binance would be liquidating its FTT holdings.[d]Due to the recent revelations that have come to light[.]”

On November 8, 2022, The Wall Street Journal published an article titled “Binance’s Deal for Rival FTX Marks Power Shift Amid Crypto Turoil” which discussed Binance’s non-binding agreement to purchase FTX amid FTX’s “sudden liquidity crisis”. .

Then, on November 9, 2022, The Wall Street Journal published an article titled “Binance Walks Away From Deal to Rescue FTX” discussing the failure of the deal that left FTX with “a shortfall of up to $8 billion -Dollar left behind, according to people familiar with the reason.”

On November 10, 2022, The Wall Street Journal published an article titled “SEC, DOJ Investigating Crypto Platform FTX” discussing the newly disclosed investigations.

Due to the above news, the price of FTT has fallen sharply due to unusually high trading volume.

For more information on the FTX investigation, go to: https://bespc.com/cases/FTT

G-III Garment Group, Ltd. GIII

On November 30, 2022, the Company reported third quarter fiscal 2023 results showing that the quarterly…