Bronstein, Gewirtz & Grossman, LLC Notifies Paxos Trust Co. Investors of Investigation

NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of investors of Paxos Trust Co. (“Paxos”). Paxos investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/paxos.

The investigation concerns whether Paxos violated federal securities laws.

On February 12, 2023, citing “people familiar with the matter,” the Wall Street Journal published an article reporting that “[t]he Securities and Exchange Commission has told crypto firm Paxos Trust Co. that it plans to sue the company for violating investor protection laws[.]” According to the article, “[t]he SEC’s enforcement staff issued a letter to Paxos known as a Wells notice, which the agency uses to inform companies and individuals of a possible enforcement action” and that “[t]he notice alleges that Binance USD, a digital asset that Paxos issues and lists, is an unregistered security.”

If you are aware of any facts relating to this investigation or purchased Paxos shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/paxos. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.