News Snapshot:
Hindenburg calls Ebang 'yet another cautionary tale for inexperienced retail investors enthused by anything crypto-related' after shorting the China-based group's shares. Author: Martin Baccardax Updated: Apr 6, 2021 10:40 AM EDT Original: Apr 6, 2021 Ebang International ( EBON ) - Get Report shares plunged Tuesday after analysts at Hindenburg Research, a noted short seller, accused the China-based cryptocurrency group of the illicit use of capital raised from U.S. investors. Hindenburg, which said it has a short position in Ebang, said the group directed $103 million -- most of which was raised from its June 2020 IPO -- into "bond...
