BitDeer Chairman Wu Jihan Defends Against Short Seller Claims, Emphasizes Long-Term Value of BTDR

On April 17th, BitDeer (BTDR) Chairman Wu Jihan addressed allegations from a recent short report issued by Callisto Research on social media. Jihan labeled the report as fundamentally flawed, asserting that it is constructed from irrelevant facts and misleading logic aimed at swaying market sentiment for the benefit of short-sellers. He emphasized BitDeer’s commitment to upholding its core business fundamentals and enhancing shareholder value, while also reserving the right to pursue legal actions to safeguard its reputation.

Callisto Research’s short report raised several warnings regarding BitDeer’s governance and transparency, which they view as potential red flags for investors. The research firm expressed concerns over the company’s related-party transactions and the need for a comprehensive overhaul in transparency protocols. Without significant reforms, Callisto believes that the investment viability of BitDeer is questionable.