Bit Brother's Board of Directors Forms a Special Task Force to Investigate Suspected Illegal Short of its Stock

CHANGSHA, China, Jan. 20, 2023 /PRNewswire/ -- Bit Brother Limited ("Bit Brother", "BTB", "We" or the "Company") (NASDAQ: BTB) announced today that its Board of Directors has approved the formation of a Special Task Force to address suspected illegal shorting of its stock. The Special Task Force plans to engage competent counsel and/or investigation professionals and to take all possible actions to identify and prosecute those involved in the market manipulation of BTB's stock, especially the institutions or individuals involved in illegal naked short selling. The Special Task Force is comprised of Mr. Xianlong Wu, Chairman of the Board and CEO of BTB, Ms. Diyu Jiang, Director and CFO of BTB, and Mr. Ralph Jones, Director of BTB and CEO of its subsidiary, Bit Brother New York Inc.

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