Undisclosed related party shareholder in USBTC

Checked on October 12, 2026. The cited source supports part of this claim, but not all of it.

The complaint and the short-seller report it quotes make this allegation, but the document does not establish it as fact.

Confirmed in the source:

• The complaint alleges that one of USBTC's biggest shareholders was an 'undisclosed related party' and that this was not disclosed
• The J Capital Report suggested Anaya Capital Corp., run by Anna Kudrjasova, alleged to be Michael Ho's partner, held about 3.7 million USBTC shares

We could not confirm this from the cited source:

• That a USBTC shareholder was in fact an undisclosed related party and that this was in fact withheld from investors (the document presents this only as an allegation)

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of RECAP (purchased via PACER) (https://storage.courtlistener.com/recap/gov.uscourts.nysd.618845/gov.uscourts.nysd.618845.8.0.pdf) in full (109,654 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.

confirms Thompson v. Leverton — Entry #8: FILING ERROR - DUPLICATE DOCKET ENTRY - COMPLAINT against Joseph Flinn, Asher Genoot, Alexia Hefti, Michael Ho, Hut 8 Corp., Jamie Leverton, Stanley O'Neal…

Quote: “one of USBTC's biggest shareholders was an 'undisclosed related party'”

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