DeFi Technologies (TSE:DEFI) has released an update.
DeFi Technologies Inc. has denounced a report by CoinSnacks.com as defamatory and misleading, suggesting it may be part of a ‘short and distort’ strategy by short-sellers targeting the company’s stock. The firm highlights its solid financial position, with significant debt repayment, robust Q1 2024 results, and a strong treasury, which includes US$51 million in cash and 110 BTC. DeFi Technologies has alerted regulatory bodies about potential market manipulation, advocating for action against such fraudulent practices to protect investors and the integrity of the financial markets.
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