Already facing legal challenges over the extent of its ties to Rhodium Resources, Singapore-based Triterras saw its share price plunge by around 25% on January 15 following the publication of a short seller report by hedge fund Phase 2 Partners. Following analysis of transactions recorded publicly on the Ethereum blockchain, the fund alleges that nearly two-thirds of Kratos-based trades between June 2019 and August 2020 were carried out by companies controlled by Srinivas Koneru and Rick Maurer. Koneru is chairman and chief executive of Triterras, as well as the founder and CEO of Singapore-based commodities trader Rhodium. Maurer is chief executive of Netfin, a special purpose vehicle that acquired Triterras in November. He is also founder, chairman and group CEO of Longview Resources.