So Muddy Waters announced that they are short $DLO and released a 47 page report detailing a number of allegations that they believe add up to fraud. This is a company I had published a positive view on previously, so I was pretty concerned. I read through the full Muddy Waters report and have written up a revised view on $DLO.

Check out my substack post which summarises and analyses the key allegations in the Muddy Waters report.