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Current Share Price: 0.410 
Hindenburg Research
Initial Report Date(2021/04/06)Share Price:5.530  
Ebang: Yet Another Crypto “China Hustle” Absconding With U.S. Investor Cash
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Ebang is a China-based crypto company that has raised ~$374 million from U.S. investors in 4 offerings since going public in June 2020. While the company represented that it would use the majority of its numerous capital proceeds to develop its business operations, our research discovered it instead directed much of the cash out of the company through a series of opaque deals with insiders and questionable counterparties.
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