Selena Gomez sued for alleged fraud over mental health company

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Image source, AFP via Getty Images By Osmond Chia , Business reporter and Lucy Hooker , Business Reporter Published 7 hours ago Hollywood actress and singer Selena Gomez is being sued by five investors who backed Wondermind Global, a mental health business she founded with her mother. Shareholders are claiming the pop star failed to fulfil promises that she would be "actively building" the brand, saying her "abject dereliction of her duties" has left the company in a "state of financial calamity". The lawsuit seeks to recover around $1.2m ( 890,000) it claims was invested as well as costs and damages. The BBC has contacted Wondermind and Gomez's representatives for comment. Gomez, who rose to fame as a child actor before moving into pop music, set up the mental health platform five years ago with her mother Mandy Teefey and businesswoman Daniella Pierson. It came after Gomez publicly discussed her own mental health struggles, including with bipolar di...

Hyperion Profit More Than Triples to $31M, HYPE Treasury Reaches $133M

Hyperion Profit More Than Triples to $31M, HYPE Treasury Reaches $133M CryptoProwl Wed, August 12, 2026 at 5:01 PM PDT 2 min read HYPD HYPE Hyperion Profit More Than Triples to $31M, HYPE Treasury Reaches $133M Hyperion DeFi Inc. (NASDAQ: $HYPD) reported a second straight record quarter as gains across its HYPE treasury pushed net income to $31 million and lifted the value of its token holdings above $132 million. Second-quarter net income rose from $8.8 million in the first quarter, while adjusted EBITDA climbed to $53.7 million from $19.5 million. Gross HYPE holdings increased to $132.6 million from $71 million as the token price rose to $65 at quarter-end from $36.60 three months earlier. Hyperion held 2.04 million HYPE tokens at June 30, up from 1.94 million in March. Treasury gains reached $54.8 million for the quarter, more than double the $21.5 million recorded in Q1. More From Cryptoprowl: Bernstein Sees 100% Upside In TeraWulf Stock After Earnings Bitcoin ETFs Attract $754 Million Of Capital MEXC Upgrades RealStocks With Three New Features to Enhance U.S. Stock Trading Experience Grayscale Drops Plans For Cardano, Polkadot and Hedera ETFs MEXC Report: 74.2% of Traditional Finance Users Have Shifted Their Trading Activity to Crypto Exchanges The operating side also moved higher. Adjusted gross profit increased 20% quarter over quarter to $1.15 million, helped by a 69% increase in staking income and a 58% rise in yield-enhancement revenue. Operating expenses excluding stock-based compensation fell 21% to $2.3 million. CEO Hyunsu Jung said Hyperion has "redefined what it means to be a digital asset treasury," pointing to the company's expanding HYPE position alongside new businesses built directly on Hyperliquid. Hyperion is also putting more of that treasury to work. The company committed 500,000 staked HYPE to upcoming HIP-3 deployer Entropy and another 500,000 HYPE to Skew Technologies, which is now targeting Hyperliquid's HIP-4 outcome markets. Those deployments follow the termination of Native Markets and Felix agreements after the USDH stablecoin was discontinued, freeing 800,000 HYPE for new opportunities. The company maintained full-year adjusted gross profit guidance of $5 million to $7 million and expects adjusted operating cash flow to turn positive by year-end. Hyperion shares rose about 5% in after-hours trading following the results. Hyperion DeFi Inc. (NASDAQ: HYPD) is currently trading at $2.69 U.S. per share, while Hyperliquid (CRYPTO: $HYPE) is currently trading at $56.00 U.S. per digital token. Terms and Privacy Policy Your Privacy Choices CA Privacy Notice More Info

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