DLocal Ltd.

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On November 16, 2022, Muddy Waters Research issued a report on DLocal Ltd., alleging  issues at the company including: conflicting disclosures, accounting discrepancies between key subsidiaries, outsized foreign exchange gains, and significant insider selling shortly after DLocal went public. On this news shares of DLocal Ltd. fell more than 25% in intraday trading on November 16, 2022.

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