DeFi Technologies Inc., a provider of exchange-traded products, slammed a "defamatory" and "misleading" report earlier this week that said its shares were "not rising for the right reasons," plunging nearly 28 percent on June 18.
CoinSnacks reported Tuesday that the Canada-based ETP provider launched a "suspicious email campaign" and paid cryptocurrency influencers to promote the stock, which has sent its share price up 3,400% over the past 12 months.
In a press release, DeFi Technologies said CoinSnacks' report was unfounded and accused it of being "entrusted by short sellers" to deliberately drive down the share price, which CoinSnacks denies.
Shares of DeFi Technologies closed at C $3.10 on Monday and have risen nearly 320% so far this year.
DeFi Technologies slams CoinSnacks for publishing "defamatory" report, causing its share price to plunge 28%
2024-06-20 06:07:42
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