Bitdeer CEO Defends Against Short-Selling Accusations

Bitdeer, a prominent player in the cryptocurrency mining sector, faced challenges after a report by Callisto Research sparked concerns about transparency and governance practices. CEO Wu Jihan vehemently disputed these claims, calling them manipulative and aiming to influence market sentiment for short sellers’ financial gain. Despite the stock experiencing a 8.44% decline, Bitdeer emphasizes its commitment to long-term growth and considers legal action to address this interference. The report contributed to heightened uncertainty among investors about the company’s future prospects, leading to increased scrutiny of market practices.