Jia Yueting: "Crypto Flywheel" CXC10 will operate independently, and Faraday Future's value will not be diluted

According to Odaily Planet Daily, Jia Yueting stated in a post on the X platform that the "crypto flywheel" CXC10 will operate and raise funds independently, while its core value will remain integrated into Faraday Future (FFAI). The growth of cryptocurrency will not dilute Faraday Future's value; the two flywheels are independent yet mutually reinforcing. Jia Yueting also reportedly responded to a short-selling report by Wolfpack Research, stating that the report was based on outdated rumors, out-of-context quotes, subjective speculation, and blatant falsehoods. He stated that he is taking legal action and will not compromise to protect all shareholders and his vision.