[PHOTO] Jeff Hardy snapped for the first time since reported WWE Release

Jeff Hardy's reported WWE release resulted in a seismic reaction from fans and the wrestling world alike. Since his departure from WWE, speculation as to what directly caused the dismissal by WWE and what Jeff Hardy will do next has been circulating rapidly.

Earlier today, Matt Hardy posted a photo with Jeff, saying big news is coming and teasing for it to be announced on his personal Twitch account on Monday Night. This photo shows Jeff Hardy standing with his brother Matt and his nephews on a ladder.

"Why was this brand new photo of ALL the Hardy Boyz just taken? Find out exclusively tonight at 8pm EST at http://Twitch.TV/HouseHardy !! Plus it’s Mattitude Monday where I’ll play against subscribers & I finally do the @paquichips#OneChipChallenge! @RebyHardy," Matt Hardy wrote on Twitter.

Prior to this most recent Tweet, Matt Hardy has been giving subtle-and-not-so-subtle jabs on Twitter, with the tag team icon imploring fans to "know all the facts before coming to conclusions," as well as sharing videos and photos of him and Jeff Hardy tag teaming together as The Hardy Boyz and Team Extreme.

Jeff Hardy himself has made no comment regarding his reported release from WWE, only retweeting a statement from his wife Beth saying that Hardy and the entire family were "fine."

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What was Jeff Hardy reportedly released for?

Last week, it was reported that Jeff Hardy had been formally released by WWE. The news broke less than a week after he was allegedly sent home following a "rough night" at a live event in Texas.

Video from the event soon surfaced, showing Jeff Hardy appearing sluggish inside and outside the ring. It also showed Hardy suddenly leaving the ring after a hot tag durng a 6 man tag-team bout and leaving the match by going through the crowd. It was then revealed that Hardy was taken off the road and replaced by Rey Mysterio for the rest of the live tour.

It was also later reported that WWE's main reason for Jeff Hardy's release was due to his refusal to go to rehab after the incident. According to sources, Hardy was also fully aware that if he refused, the company would take action.

WWE and Jeff Hardy have not formally addressed the issue yet. Perhaps more light will be shed on the situation during Matt Hardy's upcoming streaming session on Twitch.