The most well-known short-selling firm, Citron Research, declared it will keep shorting ETH, the second-largest cryptocurrency. Citron has shared its opinion on Twitter that the $130 billion token has just as many logical faults as the entire SBF tale. However, Citron said that it will no longer be brief in 2021 as a result of GameStop.
Week earlier, Citron Research tweeted out:
We continue to be short ETHER as we believe this $130 bil token has as many common sense flaws as does the whole SBF story.
— Citron Research (@CitronResearch) November 14, 2022
Citron even called out the US Government stating:
The US Government should be embarrassed that they let one person get so close to the inner sanctum of government and influence without even checking a tax return. Forget about private equity, they are caveat emptor,
— Citron Research (@CitronResearch) November 14, 2022
Citron Reignites the Short-Selling Blaze
The company has reassured its workforce that the current cryptocurrency crisis won't dissuade them in response to the bad crypto weather. Citron claims that short-selling has been rekindled. It thinks that a lot of equities are overvalued because investors think "someone else done the homework." Nevertheless, Citron doesn't appear to care all that much about the FTX disaster's victims.
As for the victims, or account holders, you wanted decentralized, you got decentralized. What did you think when you send your money to the Bahamas? Does that scenario EVER work?
— Citron Research (@CitronResearch) November 14, 2022
You may recall that Citron stated in 2021 that GameStop would prevent it from being short. In the midst of the retail purchasing frenzy in January 2021, Citron announced it would stop publishing short reports and concentrate on long positions. After speculative retail traders drove up GameStop's shares last year, the declaration was made by Andrew Left, founder of Citron Research and a short seller. He lost money when he partially covered his short position in the retailer of video games.
“After 20 years of publishing Citron will no longer publish ‘short reports’. Ee will focus on giving long side multibagger opportunities for individual investors.”
