
Investors Face Losses in iTonic Holdings Pump-and-Dump Class Action
A securities class action lawsuit targets iTonic Holdings Ltd.—formerly known as Pheton Holdings Ltd.—following allegations that the company served as the centerpiece for a sophisticated pump-and-dump scheme. The litigation centers on a dramatic stock collapse that saw the company’s market capitalization plummet from $765 million to $40.8 million in a single day.



























