Hindenburg, a U.S-based short seller and independent research firm that accused Nigerian agri-fintech Tingo Group of

Hindenburg Research, the prominent US-based short-selling firm known for targeting high-profile companies such as the Adani Group, is set to be disbanded, according to its founder, Nate Anderson. In a statement published on the firm’s website,

Hindenburg Research, founded in 2017, is shutting down after completing its investigations. Known for exposing corporate fraud, the firm targeted major entities like Adani Group, Nikola, and Icahn Enterprises,

Anderson, who founded Hindenburg in 2017, explained in a post on the company’s website that the decision was prompted by the

Hindenburg Research, a US-based short seller founded by Nathan Anderson, will disband after impacting the market values of firms such as Adani Group, Nikola, Block and Clover Health. The firm faced backlash for allegations against various companies.

Nate Anderson, the short seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm, Hindenburg Research.

Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down,