Ostin Technology faces lawsuit after 94% OST share plunge wiped USD 950 million market value

Reuters03-12

Ostin Technology faces lawsuit after 94% OST share plunge wiped USD 950 million market value

A securities lawsuit has been filed involving Ostin after its shares fell 94% from $9.40 to $0.55 on June 26, 2025. The release says investors lost USD 0.95 billion in market capitalization following the drop. The complaint alleges a coordinated promotional campaign used WhatsApp groups and AI-generated deepfake videos to market Ostin shares to retail investors. It also alleges some investors acquired about 80 million shares at an average cost of $0.06 per share and later sold them to retail investors at prices above $9. The notice lists an April 17, 2026 lead plaintiff deadline and links to Find out if you can recover your investment in the OST fraud.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ostin Technology Group Co. Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202603120900PR_NEWS_USPR_____NY08450) on March 12, 2026, and is solely responsible for the information contained therein.

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