Wu said that a certain group of investors recently filed a class action lawsuit against Rhodium Enterprises, a Bitcoin mining company in Texas, alleging fraudulent activities. The lawsuit was filed by lawyers from Iacuone McAllister Potter, claiming that the defendants (including Rhodium executives and Imperium Investments Holdings, LLC based in Fort Worth) deliberately misled the plaintiffs into investing a total of $33 million by concealing key information and engaging in proprietary trading. Previously, the Bitcoin mining company Rhodium Enterprises had voluntarily filed for bankruptcy under Chapter 11 in the Southern District of Texas.