Abaxx Exchange posted its best trading month on record in June 2026, days after short-seller Viceroy Research published a report accusing parent company Abaxx Technologies of wrongdoing.1 The volume spike gives Abaxx an operational counterpoint to the allegations.
Viceroy's report used a short-and-distort strategy, publishing negative claims about Abaxx while the firm holds a short position.2 Abaxx has publicly rejected the findings, calling the report misinformation.1
Abaxx retained law firm Paul Weiss to investigate the allegations.1 The company also engaged two regulators directly: Singapore's Monetary Authority (MAS) and Canada's Investment Regulatory Organization (CIRO).1 The CIRO outreach goes further than a standard rebuttal. Abaxx asked the regulator to examine Viceroy's own trading activity around the report's release, turning the short-seller's tactics into the subject of scrutiny.1
For traders, the June volume record is the more concrete data point. A short-and-distort report is designed to pressure a stock price by amplifying negative claims. Record trading activity in the same window suggests market participants kept transacting on Abaxx Exchange rather than pulling back, even as headline risk around the parent company escalated.1
The dispute now runs on two tracks. Paul Weiss's investigation and the regulatory reviews at MAS and CIRO will determine whether Viceroy's allegations hold up.1 Meanwhile, Abaxx Exchange's trading desk has already delivered its own answer in the form of record June volumes, an outcome that runs counter to the market disruption a short-and-distort campaign typically aims to produce.1
Sentiment around the situation remains mixed but has been improving, reflecting a market still weighing unresolved regulatory questions against the exchange's demonstrated trading strength.12
