The Catalyst: This report was triggered by the rogue and thuggish treatment our team members endured at Bitdeer. $BTDR's mainland China entity (Beijing Feichen Technology Co., Ltd.) illegally terminated employees and refused to pay severance. After our member won labor arbitration, the company abused the legal system, maliciously delaying execution by dragging the case through multiple appeals (first trial, final appeal) simply to avoid payment. This behavior—showing contempt for the law and trampling on employee rights—is merely the tip of the iceberg of its chaotic internal governance. Report Preview: We will be publishing a comprehensive short report detailing the massive risks at Bitdeer ($BTDR), including: Systemic Governance Collapse: Internal "purges," dubious executive appointments, and the systematic evasion of regulatory oversight. Opaque Related-Party Transactions: A deep-dive analysis of how value is being siphoned from the public company to insiders. Imminent Liquidity Crisis: A disastrous cash burn rate and a critical dependency on financial lifelines from related parties (e.g., Matrixport). The "Growth Story" Deconstructed: Exposing the true value (or lack thereof) of its AI business and miner technology. Stay tuned. We believe the market deserves the truth. #Bitdeer #BTDR #ShortReport #ShortSell #CorporateGovernance #NASDAQ #StockMarket