BlockBeats News, June 18th, according to Caixin report, Andrew Left, the founder of Citron Research, a short-selling institution famous for shorting Chinese concept stocks, has had his sentencing hearing scheduled for August 31, 2026. The theoretical maximum sentence could be up to 265 years, but the final sentencing will be determined by the court based on the specific circumstances.

Left had previously targeted over 20 Chinese concept stocks such as New Oriental, Qihoo 360, Evergrande Group, Southeastern Asset Management, and China High Speed ​​Transmission, among others. In the early years, his short-selling reports were almost always accurate. However, compared to peer firms like Muddy Waters Research, Citron's reports were often criticized for being "riddled with loopholes." Left had been banned from the Hong Kong market for five years by the Hong Kong Securities and Futures Commission.

The prosecution alleged that Left often used short-term options expiring in 0 to 5 trading days to bet on stock price fluctuations shortly after the release of a report or tweet. He would pre-set limit orders, and the exit price often diverged significantly from Citron's publicly stated target price. The stocks involved in the case included Nvidia, Tesla, Facebook, General Electric, Luckin Coffee, among others.