Bybit's exchange token BitDAO BIT suddenly plummeted 20% within an hour. In 2021, Alameda Research converted 3.36m FTT (1% of the total) to 100m BIT (1% of the total), but the two sides said that they will not sell within 3 years.
Bybit's CEO said that someone sold 100m BIT in violation to the agreement and they have been deceived.
And now The BitDAO community issued a proposal asking Alameda to provide the on-chain address of the tokens that promised not to be sold for 3 years. If there is no response within 24 hours, the community will decide what to do with the 3362315 FTT.
Sources: https://twitter.com/WuBlockchain/status/1589840675977433089?s=20&t=PZus-4ck7iDyGs12_WxyyA
https://twitter.com/NoodleofBinance/status/1589841403324297216?s=20&t=PZus-4ck7iDyGs12_WxyyA
https://discourse.bitdao.io/t/update-on-bip-4-swap-bit-for-ftt/4265
UPDATE: https://twitter.com/carolinecapital/status/1589853488703762434?t=gZGkr1gyHtKu_-VDnktZzg&s=19
Alameda CEO objects to the allegations.
UPDATE 2: https://twitter.com/PeckShieldAlert/status/1589921633648902145?s=20&t=s5xPhzFhByS0ikyVjKzH6g
Alameda Research currently hold 100M BIT meaning they didn't sell. They kept their promise
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments