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Abaxx Continues to Provide Facts Refuting Ongoing Misinformation and Reaffirms Strong Business Fundamentals (opens original article in a new tab)

TL;DR

Abaxx refutes ongoing misinformation, reaffirms strong financials with over C$97 million in cash, and highlights growth in market participants and trading activity.

  • Abaxx refutes misinformation from Viceroy Research Group and states it is not under investigation by any regulator.
  • Abaxx has over C$97 million in cash and a net cash burn rate sufficient to fund operations for seven quarters.
  • Abaxx Exchange has a market surveillance program to prevent wash trading and reports growth in trading activity and market participants.

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