Justin Sun Responds to BTDR Short Report: Absurd and Misleading, Reserves Right to Take Legal Action

BlockBeats News, April 17th, BitDeer (BTDR) Chairman Wu Jihan responded to the market's short report on BitDeer on social media, stating, "The report is obviously based on a predetermined position, piecing together complex but irrelevant facts, using absurd and misleading logic to construct a narrative aimed at manipulating market sentiment for the short-seller's own benefit. We will continue to focus on the company's true business fundamentals and long-term value and reserve the right to take legal action to protect our reputation and shareholder interests."

Yesterday, a market research firm named Callisto Research released a short report on BitDeer, stating, "We are shorting Bitdeer Technologies Group BTDR, a Nasdaq-listed Bitcoin mining company. We have identified warning signals in Bitdeer's disclosures, governance, and related-party transactions. Unless Bitdeer undergoes thorough transparency reform, we believe it lacks investment value."