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Hundreds of Bitwise employees lost their jobs in May 2023 when the scheme was exposed, according to the US Securities and Exchange Commission, which filed civil charges against the company's co-CEOs on Thursday in federal court in California
Action News is learning that failed tech company Bitwise and its leaders are the target of a federal criminal investigation.
Bitwise Industries has filed for Chapter 7 bankruptcy, also known as liquidation bankruptcy.
Employees of Fresno-based Bitwise Industries have officially been laid off following weeks of uncertainty after financial issues within the company.