XP Inc. filed a lawsuit in the U.S. on July 7, 2025, accusing short seller Grizzly Research of defamation. The legal action targets a report published by Grizzly Research on March 12, 2025, which alleged that XP was operating a "Madoff-like Ponzi scheme."
The company's lawsuit seeks to address the claims made in the report, which XP had previously stated contained misleading and inaccurate allegations concerning its business model and operational practices. XP had publicly refuted these claims on the same day the report was released.
This legal measure underscores XP's commitment to protecting its corporate reputation and maintaining the trust of its clients, partners, and shareholders against what it considers to be false and damaging accusations.
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