ChainCatcher news, cryptocurrency mining company Hut 8 Corp. (HUT) accused JCapital Research of spreading false information about the company, its operations, finances, management practices, and key executives in a press release. The company stated that the report is filled with inaccurate data, speculative allegations, and baseless personal attacks.It is understood that last week JCapital Research released a report claiming that Hut 8's merger with peer company US Bitcoin is an event waiting for a bubble to burst. The report also stated that USBTC has engaged in illegal activities and has defaulted and paid two government fines, one of which was for violating securities regulations. Hut 8 CEO Jaime Leverton stated that they will not be disturbed by radicals spreading false information and conducting personal attacks.

ChainCatcher message, pNetwork responded to Huobi's accusation of "maliciously increasing GALA issuance" by strongly condemning Huobi's false claims against pNetwork. pNetwork will take appropriate legal action and has evidence proving that its actions were in good faith, and all actions were agreed upon in advance with GalaGames officials.pNetwork further stated that Huobi received the notification at 7:24 PM UTC on Thursday (3:24 AM Beijing time on November 5) and confirmed the emergency two minutes later, but only blocked deposits several hours later. pNetwork did not gain any profit from this action.It is reported that Huobi's official announcement mentioned that pNetwork had notified them in advance, but also stated that pNetwork did not explain its preparation to exploit vulnerabilities, nor did it mention that it would issue 55.6 billion GALA for a massive sell-off in the market within fifty minutes, which would cause extremely significant losses to innocent users and trading platforms. (source link)