Muddy Waters Research Website Hacked

Tuesday, 22 Nov 2011 | 4:31 PM ET

It appears as though the website of Muddy Waters, the small China-based research firm,has been hacked.

The website currently shows the message below.

Muddy Waters specializes in "undercovering fraudulent China stocks," according to Street Insider.

Monday, Carson Block, the firm's founder, issued a "strong sell"on Focus Media Holdings, a digital advertising company. The company alleged in its report that Focus Media misrepresented the number of screens in its LCD advertising network, according to the Wall Street Journal.

Focus Media responded to the firm's report in a press release stating that "The Report's allegation regarding the number of LCD display network screens in the Company's network is incorrect and reflects a misunderstanding in the types of devices used by the Company and their method of calculation."

Questions? Comments? Email us atNetNet@cnbc.com

Follow Cadie on Twitter @ twitter.com/CadieNetNet

Follow NetNet on Twitter @ twitter.com/CNBCnetnet

Facebook us @ www.facebook.com/NetNetCNBC


NetNet TV

Wall Street

  • New York Attorney General Eric Schneiderman

    The New York attorney general's office has subpoenaed about a half-dozen high-frequency trading firms, a source told CNBC.

  • China's Weibo has priced its initial public offering at $17 per American Depository Share, at the bottom of its planned range.

  • Some high profile earnings beats by General Electric, Pepsico and Morgan Stanley helped counterbalance the hangover of Wednesday's big tech earnings misses.