Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20%
Cointelegraph
Published Apr 09, 2021 05:40AM ET
Updated Apr 10, 2021 07:40AM ET
The share price of Chinese Bitcoin mining company Ebang continues to fall, while the firm refutes claims made in a Hindenburg Research report that alleged it was pilfering American investors’ cash.
The Hindenburg Research report, published on Tuesday, described Ebang as “simply the latest chapter in the ‘China Hustle’ disguised as a Bitcoin mining play.” The report alleges that Ebang raised hundreds of millions of dollars through public offerings in the United States under the guise of operating as a Bitcoin (BTC) mining company.
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Written By: Cointelegraph
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