It's Not Alameda that Sold 100M $BIT, Says CEO

Alameda Research CEO Caroline Ellison tweeted a response to Bybit co-founder Ben Zhou's query, saying that she is busy at the moment, but it's not them (that sold 100 million $BIT) and that Alameda will show Bybit proof of funds when things calm down.

Previously, Bybit CEO Ben Zhou responded to the $BIT collapse in the community, saying that someone had promised not to sell off the 100 million $BIT held and that Bybit might have been tricked.

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.

If this request is not fulfilled, and if sufficient alternative proof or response is not provided, it will be up to the BitDAO community to decide (vote, or any other emergency action) how to deal with the 3,362,315 $FTT in the BitDAO Treasury.