Genius Group Limited filed a federal securities class action on November 14, 2025, accusing Citadel Securities LLC and Virtu Americas LLC of engaging in spoofing and naked short selling of GNS shares. The complaint names a class period that runs from April 12, 2022 to May 30, 2025 and seeks at least $250 million in damages, alleging that the defendants’ cancel‑and‑replace order tactics distorted the price of Genius Group stock and forced investors to sell at artificially depressed levels.
The filing has already drawn significant investor attention. Analysts note that the lawsuit could lead to a sizable recovery for shareholders and may prompt regulatory scrutiny of market‑making practices. The announcement has been described as a turning point for the company’s fight to protect its market value and to restore confidence in the fairness of its trading environment.
CEO Roger James Hamilton said the company has “been consistent in calling for fair markets and taking actions to protect our shareholders.” He added that the lawsuit is “an important milestone in a long, multi‑year fight to expose unfair and illegal practices that our investors have dealt with.” Hamilton’s comments underscore the company’s commitment to market integrity and its willingness to pursue legal remedies when it believes its stock has been harmed.
Genius Group’s financial picture has been mixed. In 2024 the company reported revenue of $7.9 million, down from $23.1 million in 2023, reflecting a strategic shift away from legacy revenue streams toward its Bitcoin loyalty program. Net asset value, however, rose sharply to $79.4 million from $19.7 million in 2023, driven by higher valuations of remaining assets and improved liquidity. Management has guided 2025 revenue to $10–13 million and positive EBITDA of $0.2–1.0 million, while Bitcoin holdings were trimmed from 440 to 66 coins due to legal restrictions. The company’s Bitcoin Loyalty Payment program, with a record date of November 28, 2025, is intended to reduce the number of shares available to short sellers.
Prior to this lawsuit, Genius Group had pursued other legal actions, including a RICO lawsuit and arbitration with Fatbrain AI. The new filing adds to a series of efforts aimed at protecting shareholder value and challenging practices that the company believes undermine market fairness. The outcome of the lawsuit could have a lasting impact on the company’s valuation, its ability to attract investors, and the broader regulatory environment for market makers.
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