A securities class action has been filed in the USDC –E.D.N.Y. against DeFi Technologies Inc. (DEFT) (“DeFi” or the “Company”) on behalf of all persons and entities that purchased or otherwise acquired DeFi securities between May 12, 2025, and November 14, 2025, both dates inclusive (the “Class Period”).
DeFi Technologies purports to be a technology and DAT company that develops exchange traded products in Canada that synthetically track the value of a single DeFi protocol or a basket of DeFi protocols. The Company also offers asset management services, such as indirect exposure to underlying digital assets, digital asset indexes, or other DeFi instruments. As a DAT company, part of DeFi Technologies’ operations include accumulating cryptocurrency assets.
The Company was formerly known as Valour Inc. and changed its name to DeFi Technologies Inc. in July 2023. DeFi Technologies was incorporated in 1986 and is headquartered in Toronto, Canada. DeFi Technologies’ five business segments include, inter alia, DeFi Alpha, which the Company’s website describes as “a specialized arbitrage trading desk . . . designed to identify and capitalize on low-risk arbitrage opportunities within the cryptocurrency market.”
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:
(1) DeFi Technologies was facing delays in executing its DeFi arbitrage strategy, which at all relevant times was a key revenue driver for the Company;
(2) DeFi Technologies had understated the extent of competition it faced from other DAT companies and the extent to which that competition would negatively impact its ability to execute its DeFi arbitrage strategy;
(3) as a result of the foregoing issues, the Company was unlikely to meet its previously issued revenue guidance for the fiscal year 2025;
(4) accordingly, Defendants had downplayed the true scope and severity of the negative impact that the foregoing issues were having on DeFi Technologies’ business and financial results; and
(5) as a result, Defendants’ public statements were materially false and misleading at all relevant times, thereby harming investors.
DeFi Technologies’ stock price fell $0.40 per share, or 27.59%, to close at $1.05 per share on November 17, 2025.
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