Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20%


Source: eveningstandard.in eveningstandard.in

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Messenger Messenger WhatsApp Telegram Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20% The share price of Chinese 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...