The ETP issuer says a Tuesday CoinSnacks report was likely “commissioned by short sellers,” which the crypto-focused newsletter has denied.
Exchange-traded product provider DeFi Technologies Inc. has slammed a “defamatory” and “misleading” report earlier this week that claimed its stock “isn’t rallying for the right reasons” — tanking its shares by nearly 28% on June 18.
Crypto-focused newsletter CoinSnacks’ Tuesday report claimed the Canada-based ETP provider launched “questionable email campaigns” and paid crypto influencers to promote the stock — which saw its stock rise “3,400% in the past twelve months.”
In a June 19 press release, DeFi Technologies said CoinSnacks’ report “lacks merit” and accused it of being “commissioned by short-sellers” to deliberately tank the stock — which CoinSnacks denies.
