PANews reported on January 16 that according to a statement issued by Nate Anderson, founder of Hindenburg Research, a well-known short-selling agency in the United States, the company has decided to officially disband. Nate said that the company has completed the last investigation project, including the Ponzi scheme case submitted to the regulator. He plans to open source Hindenburg's investigation methods and processes in the next 6 months to help more people understand and apply its model. In the statement, Nate expressed his gratitude to the team, family and readers, and revealed that some team members will create a new research institute, and he will devote himself to personal life and new interests.