Abaxx Technologies, the Canadian firm behind Singapore’s Abaxx Exchange, has requested an investigation from Canadian market regulators into possible manipulative trading after a short-selling attack by Viceroy Research.
Viceroy publicly disclosed a short position against Abaxx on June 11, 2026, followed by reports claiming the exchange's trading volumes were artificially inflated through wash trading. This alleged manipulation purportedly aimed to give a misleading impression of market activity.
In response to the allegations, Abaxx categorically denies any wrongdoing, asserting that the claims are aimed at benefiting Viceroy's short position. The company states it has alerted both Canadian and Singaporean regulators to the situation and emphasizes that wash trading is prohibited by its exchange rules.
Abaxx, a major player in futures contracts for energy transition commodities, notably launched physically deliverable silver futures in May 2026. This move, alongside the conditional approval to list on the Toronto Stock Exchange, marked a milestone in the company’s growth. However, the narrative has shifted dramatically with Viceroy's accusations, casting doubt on Abaxx's trajectory.