Viceroy Research published a short-and-distort report targeting Abaxx Technologies, and the company answered within days with data, lawyers, and regulators.1 Abaxx Exchange's June 2026 trading volume surpassed May's across every metric, the company said, using the numbers to counter the credibility attack.1
Abaxx retained law firm Paul Weiss to investigate the allegations in the Viceroy report.1 The exchange also proactively contacted two regulators overseeing its operations: Singapore's Monetary Authority of Singapore (MAS) and Canada's CIRO.1 Reaching out to regulators before they inquire is a defensive move meant to signal transparency rather than concealment.
Abaxx issued a public rebuttal to the short-seller report alongside the regulatory outreach.1 Short-and-distort campaigns typically pair negative claims with a short position, betting the stock drops on the news. Exchanges targeted by such reports often face pressure on both their share price and their reputation with counterparties.
The June volume figures are the centerpiece of Abaxx's counter-narrative. By pointing to trading activity that improved month-over-month across every metric tracked, the exchange is arguing its core business kept functioning normally through the attack.1 Strong volume data gives Abaxx a factual reference point that doesn't depend on how the Paul Weiss investigation concludes.
The situation remains active, with sentiment among market watchers described as mixed but improving.1 The multi-front response — legal investigation, regulator contact, public rebuttal, and volume disclosure — reflects a strategy of moving faster than the allegations can spread. Whether MAS or CIRO take further action, and what Paul Weiss's investigation finds, will shape how the episode affects Abaxx's standing with traders and counterparties going forward.
