Viceroy Research published a short-and-distort report attacking Abaxx Technologies, triggering an immediate, multi-front response from the company.1 Abaxx retained law firm Paul Weiss to investigate the allegations.1
Abaxx also proactively contacted two regulators: Singapore's Monetary Authority of Singapore (MAS) and Canada's Investment Regulatory Organization of Canada (CIRO).1 The company issued a public rebuttal disputing Viceroy's claims.1
Abaxx paired its legal and regulatory response with an operational data point: Abaxx Exchange's June 2026 trading volume topped May's figures across every metric it tracks.1 The company is using that performance data to counter the credibility attack directly, arguing market activity contradicts the short-seller narrative.1
Short-and-distort reports typically pair a short position with public claims designed to drive a stock price down. Targeted companies often face a choice between staying silent, risking the allegations going unanswered, or responding quickly and giving the report more attention. Abaxx chose the latter, moving on legal, regulatory and public-relations fronts within a short window.1
Retaining Paul Weiss signals Abaxx wants an independent record of its investigation into Viceroy's claims, a step boards often take when allegations touch governance or financial reporting. Reaching out to MAS and CIRO before either regulator opens its own inquiry is a similar move: it lets Abaxx frame the narrative with regulators directly rather than reacting to a formal request.
The overall sentiment around the situation is mixed but improving, reflecting a market still weighing Viceroy's allegations against Abaxx's rebuttal and volume data.1 Abaxx Exchange operates as market infrastructure, meaning trading-volume credibility carries added weight: participants need confidence in the venue's integrity, not just its growth numbers.
The dispute remains active, with no public findings yet from Paul Weiss's investigation or any regulatory response from MAS or CIRO.1
Sources:
1 Company statement and Viceroy Research report, July 2026
