Jia Yueting: "Crypto Flywheel" CXC10 will be operated independently, and the value of Faraday Future will not be diluted

Odaily Planet Daily News Jia Yueting posted on the X platform that the "crypto flywheel" CXC10 will operate independently and raise funds, and its core value will still be integrated into Faraday Future (FFAI). The growth of cryptocurrency will not dilute the value of Faraday Future. The two flywheels will be independent of each other but will promote each other. It is reported that Jia Yueting also responded to the short-selling report of short-selling agency Wolfpack Research. He said that the relevant report is based on outdated rumors, out of context, subjective conjecture and naked falsehood, and is taking legal action, never compromise, and safeguarding all shareholders and vision.