Alameda to Navigate Current Straits, Says Bybit CEO

In response to Alameda CEO's claim that they were not the 100 million $BIT seller, crypto exchange Bybit's CEO Ben Zhou said, "Thanks for the swift response Caroline, this gave a lot of confidence to the Bitdao community. For others that are jumping into the conclusion, nothing is confirmed until proven, I am sure Alameda will be able to navigate the current straits."

Previously, Bybit CEO Ben Zhou responded to the $BIT collapse in the community, saying that someone may have broken their promise to sell off their 100 million $BIT.

Shortly thereafter, the BitDAO community launched an urgent proposal asking Alameda Research to transfer 100 million $BIT to an on-chain (non-exchange) address for the BitDAO community to verify and complete it within 24 hours, or else the BitDAO community would decide how to deal with the $FTT in the BitDAO Treasury.