The BitDAO community has threatened to sell FTT tokens if Alameda fails to provide evidence that it still holds the FTT tokens on its three-year contract, which Alameda promised to provide proof soon.
The community behind BITDAO is backed by crypto exchange Bybit, Pantera, billionaire Peter Thiel and other funds. It has asked Alameda to prove that they still hold the 100 million BIT tokens they acquired last November in a conversion of 3.36 million FTT tokens. at least 3 years
“The BitDAO community is questioning the sudden dumping of the bit tokens, concerned that it was caused by Alameda pouring and violating a three-year no-share agreement, nothing confirmed, but the community. BitDAO needs proof from Alameda,” Bybit co-founder Ben Zhao. tweetT
alsothreaten3,362,315 FTX tokens will be sold in case Alameda has no explanation in 24 hours.
Caroline Ellison, CEO of Alameda Research, responded to Zhou’s tweet. that “That’s not us” and promises to provide financial evidence once everything has calmed down.
refer : LINK
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