Hindenburg Research founder Nathan Anderson shared his support for a new investigative research group, Morpheus Research on social media. In his post on X, formerly known as Twitter, Anderson endorsed the new research entity and said, “This is a great team that I have known for a long time and includes some Hindenburg alumni. Definitely worth a follow.”
This is a great team that I have known for a long time and includes some Hindenburg alumni.
Definitely worth a follow. https://t.co/UZFRSJ50jq
— Nate Anderson (@NateHindenburg) March 14, 2025
This was the first post made by Anderson on X following the shutdown of Hindenburg Research in January. This support from him could mean that the new investigative entity might focus on similar financial investigations and short-selling strategies.
What Is Morpheus Research?
Morpheus Research claims to be an investigative platform which will focus on publishing deep-dive analytical research on companies. Founded in 2025 by a team of financial analysts, the company said that it is dedicated to exposing fraud and corporate misconduct in financial markets. “We publish deep-dive investigative research on companies that we feel are fundamentally misunderstood by the market. While our research may lead to uncomfortable conclusions, we strive only to offer the truth,” the firm issued via its website.
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Hindenburg Research Shut Down
Notably, Anderson announced the closure of Hindenburg on January 15, 2025 and said that the team had completed their investigative goals. The founder said that he now sought a more ‘balanced’ life and said he intends to share the company’s research methodologies with the public.
Founded in 2017, Hindenburg Research, was known for publishing investigative reports that exposed financial irregularities or fraud in major corporations. One of the most famous Hindenburg reports was on the Adani Group which accused the Indian conglomerate of ‘brazen’ market manipulation and accounting fraud. The allegations laid out in the report resulted in the Adani Group’s listed companies witnessing an erosion in their combined market value by more than $100 billion. The conglomerate denied all the allegations and asserted compliance with all laws and disclosure requirements.
