BitDeer Chairman Refutes Callisto Research Short Report

BitDeer Chairman Wu Jihan has publicly addressed and refuted claims made in a recent short report by Callisto Research. The report, which was released on social media, was described by Jihan as fundamentally flawed and misleading. He asserted that the report was constructed from irrelevant facts and misleading logic, aimed at manipulating market sentiment to benefit short-sellers. Jihan emphasized BitDeer's commitment to maintaining its core business fundamentals and enhancing shareholder value. He also reserved the right to take legal action to protect the company's reputation.

Callisto Research's short report highlighted several concerns regarding BitDeer's governance and transparency, which they believe could be red flags for potential investors. The research firm expressed worries about the company's related-party transactions and called for a comprehensive overhaul of transparency protocols. According to Callisto, without significant reforms, the investment viability of BitDeer is questionable.

Jihan's response underscores BitDeer's dedication to its core business principles and its efforts to create long-term value for its shareholders. The company's stance on pursuing legal action indicates a proactive approach to defending its reputation against what it perceives as baseless allegations. This move is likely aimed at reassuring investors and stakeholders about the company's integrity and commitment to transparency.

The dispute between BitDeer and Callisto Research highlights the ongoing debate within the cryptocurrency industry about governance and transparency. As the industry continues to evolve, companies like BitDeer are under increasing scrutiny from investors and analysts. The outcome of this dispute could set a precedent for how similar issues are handled in the future, potentially influencing the standards of transparency and governance within the industry.