FTX makes new enemies by not HOLDING their promise

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.