Abaxx Exchange posted record June 2026 trading volumes across every metric it tracks, even as it fights off a short-seller attack.1 Viceroy Research published a report alleging misconduct at Abaxx Technologies, prompting an immediate multi-front response.1
Abaxx retained law firm Paul Weiss to investigate the allegations independently.1 The company also contacted two regulators directly: Singapore's Monetary Authority of Singapore (MAS) and Canada's Investment Regulatory Organization of Canada (CIRO).1
The dual-jurisdiction response reflects Abaxx's structure: a commodities exchange headquartered in Singapore, listed in Canada, serving traders worldwide. Short-and-distort campaigns — pairing a short bet with public allegations to push a stock down — are a recurring test for exchanges and infrastructure firms in any market, from Wirecard in Germany to Adani Group in India.
Abaxx chose to respond quickly rather than stay silent, issuing a public rebuttal disputing Viceroy's claims.1 Reaching out to regulators before they open formal inquiries lets the company shape the narrative on its own terms, a move boards worldwide increasingly favor when governance allegations surface.
The company is leaning on trading data as its strongest counter-argument.1 June volumes beat May's across the board, a signal Abaxx says undercuts claims that would normally spook market participants.1 For an exchange, that distinction matters: infrastructure providers depend on trust in the venue itself, not just growth metrics, since global counterparties route capital through the platform daily.
Market sentiment remains mixed but improving, as traders weigh Viceroy's allegations against Abaxx's rebuttal and volume figures.1 Neither Paul Weiss's investigation nor MAS and CIRO have issued public findings yet.1 Until they do, the dispute leaves international investors balancing documented trading strength against unresolved governance questions — a familiar tension for any exchange operating across multiple regulatory regimes.
