Currenc Group Inc. Initiates Investigation into Suspected Illegal Short Selling Amid Global Expansion
Currenc Group (Nasdaq: CURR), a fintech company specializing in AI solutions for financial institutions, has initiated an investigation into suspected illegal naked short selling of its shares. The company has partnered with Shareholder Intelligence Services (ShareIntel) to monitor and investigate potential trading irregularities.
ShareIntel's proprietary DRIL-Down™ technology will be used to analyze trading patterns, monitor repository data, and enhance trading surveillance. Currenc plans to pursue regulatory and legal actions if evidence of market manipulation is found, demonstrating its commitment to protecting shareholder value amid its global expansion efforts.
Currenc Group (Nasdaq: CURR), un'azienda fintech specializzata in soluzioni di intelligenza artificiale per istituzioni finanziarie, ha avviato un'indagine su sospetti casi di vendita allo scoperto illegale delle proprie azioni. La società ha collaborato con Shareholder Intelligence Services (ShareIntel) per monitorare e investigare possibili irregolarità nelle negoziazioni.
La tecnologia proprietaria DRIL-Down™ di ShareIntel sarà utilizzata per analizzare i modelli di trading, monitorare i dati dei depositi e migliorare la sorveglianza delle operazioni. Currenc intende intraprendere azioni regolamentari e legali qualora vengano riscontrate prove di manipolazione del mercato, dimostrando il suo impegno a tutelare il valore per gli azionisti durante la sua espansione globale.
Currenc Group (Nasdaq: CURR), una empresa fintech especializada en soluciones de inteligencia artificial para instituciones financieras, ha iniciado una investigación sobre sospechas de ventas en corto ilegales de sus acciones. La compañía se ha asociado con Shareholder Intelligence Services (ShareIntel) para monitorear e investigar posibles irregularidades en el comercio.
La tecnología propietaria DRIL-Down™ de ShareIntel se utilizará para analizar los patrones de negociación, supervisar los datos de los depósitos y mejorar la vigilancia comercial. Currenc planea tomar acciones regulatorias y legales si se encuentran evidencias de manipulación del mercado, demostrando su compromiso para proteger el valor de los accionistas en medio de sus esfuerzos de expansión global.
커렌시 그룹(Nasdaq: CURR)은 금융 기관을 위한 AI 솔루션을 전문으로 하는 핀테크 기업으로, 자사 주식의 불법 나체 공매도 의심 사례에 대한 조사를 시작했습니다. 회사는 잠재적 거래 이상 징후를 모니터링하고 조사하기 위해 Shareholder Intelligence Services (ShareIntel)와 협력하고 있습니다.
ShareIntel의 독자적인 DRIL-Down™ 기술이 거래 패턴 분석, 저장소 데이터 모니터링, 거래 감시 강화에 활용될 예정입니다. 커렌시는 시장 조작 증거가 발견될 경우 규제 및 법적 조치를 취할 계획이며, 글로벌 확장 노력 속에서 주주 가치를 보호하겠다는 의지를 보여주고 있습니다.
Currenc Group (Nasdaq : CURR), une entreprise fintech spécialisée dans les solutions d'IA pour les institutions financières, a lancé une enquête sur des soupçons de vente à découvert illégale de ses actions. La société s'est associée à Shareholder Intelligence Services (ShareIntel) pour surveiller et enquêter sur d'éventuelles irrégularités dans les transactions.
La technologie propriétaire DRIL-Down™ de ShareIntel sera utilisée pour analyser les schémas de trading, surveiller les données des dépôts et renforcer la surveillance des transactions. Currenc prévoit d'engager des actions réglementaires et juridiques si des preuves de manipulation de marché sont découvertes, démontrant ainsi son engagement à protéger la valeur des actionnaires dans le cadre de ses efforts d'expansion mondiale.
Currenc Group (Nasdaq: CURR), ein Fintech-Unternehmen, das sich auf KI-Lösungen für Finanzinstitute spezialisiert hat, hat eine Untersuchung wegen des Verdachts auf illegales Naked Short Selling seiner Aktien eingeleitet. Das Unternehmen arbeitet mit Shareholder Intelligence Services (ShareIntel) zusammen, um mögliche Unregelmäßigkeiten im Handel zu überwachen und zu untersuchen.
Die firmeneigene DRIL-Down™-Technologie von ShareIntel wird eingesetzt, um Handelsmuster zu analysieren, Depotdaten zu überwachen und die Handelsüberwachung zu verbessern. Currenc plant, regulatorische und rechtliche Schritte einzuleiten, falls Beweise für Marktmanipulation gefunden werden, und zeigt damit sein Engagement zum Schutz des Aktionärswerts im Rahmen seiner globalen Expansionsbestrebungen.
- Company taking proactive measures to protect shareholder value
- Partnership with ShareIntel provides advanced trading surveillance capabilities
- Commitment to maintaining share price integrity and transparent trading
- Suspected illegal naked short selling potentially affecting share price
- Possible trading irregularities requiring investigation
- Potential need for legal and regulatory actions
Insights
Currenc's investigation into potential naked short selling signals serious governance concerns but remains speculative without confirmed illegal activity.
Currenc's announcement about investigating suspected naked short selling represents a significant development that merits careful scrutiny. The company has retained ShareIntel, a specialized firm with proprietary technology designed to identify potential discrepancies between reported share ownership and actual trading patterns. While naked short selling (selling shares without first borrowing them) is generally prohibited by SEC Regulation SHO, proving such activity is notoriously difficult.
The language in this release is particularly noteworthy - Currenc states they "believe" they "may have been" targeted, indicating suspicion rather than concrete evidence. This type of announcement often serves multiple purposes: signaling to potential short sellers that the company is vigilant, reassuring long investors that management is protecting their interests, and potentially setting groundwork for future regulatory actions.
ShareIntel's DRIL-Down™ process essentially cross-references repository data to identify potential discrepancies in trading records. However, many apparent irregularities can be explained by legitimate market activities like options trading, market making, or timing differences in trade settlements. The mere announcement of such an investigation doesn't confirm any wrongdoing has occurred.
Companies facing declining share prices sometimes attribute the decline to market manipulation rather than fundamental issues. Investors should carefully evaluate whether this investigation reflects genuine concerns about market integrity or potentially serves as a distraction from operational challenges as the company pursues global expansion.
SINGAPORE, July 31, 2025 (GLOBE NEWSWIRE) -- Currenc Group Inc. (Nasdaq: CURR) (“Currenc” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that it has retained Shareholder Intelligence Services, LLC (“ShareIntel”) to assist the Company in monitoring and investigating potential naked short selling of its shares. This is part of Currenc’s broader initiative to protect shareholder value as the Company executes its growth strategy and scales its operations globally.
ShareIntel’s patented DRIL-Down™ process aggregates, analyzes and monitors repository data from reporting entities, broker-dealers and shareholders, enhancing Currenc’s shareholder communication, regulatory compliance and trading surveillance capabilities with actionable intelligence. Together with ShareIntel, Currenc intends to actively investigate what it believes may be potential irregularities in the trading patterns of its shares, and intends to pursue every available avenue—including regulatory and legal recourse, if appropriate—to ensure that there is no illegal trading or market manipulation involving the Company’s shares.
“As we continue to expand our global business footprint with new partnerships and innovative AI-driven solutions, Currenc remains committed to protecting our investors and maximizing shareholder value,” said Alex Kong, Founder and Executive Chairman of Currenc. “Based on the trading patterns we have observed, we believe Currenc may have been the target of naked short selling and are taking action to understand these trading patterns, ensure transparent trading practices and maintain the integrity of our share price. Leveraging ShareIntel’s proprietary processes will allow us to closely track ownership, monitor any irregular trading behavior, and swiftly implement corrective measures.”
About Currenc Group Inc.
Currenc Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.
Investor & Media Contact
Currenc Group Investor Relations
Email: investors@currencgroup.com
SOURCE: Currenc Group Inc.
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