Golden Finance reported that a group of investors filed a class action lawsuit against the founder of Rhodium Enterprises, a Texas-based Bitcoin mining company. The lawsuit was initiated by the Iacuone McAllister Potter law firm, accusing it of fraudulent behavior by concealing key information and conducting self-inflicted crimes. operating transactions, intentionally misleading the plaintiffs about investments totaling $33 million, and failing to disclose the sale of Rhodium’s operating facilities to a direct competitor, Riot Blockchain. It is reported that Rhodium Enterprises filed for Chapter 11 bankruptcy protection in the Southern District of Texas in August, including the company's six subsidiaries, including Rhodium Encore and Rhodium 2.0.