BitDAO Community Asks Alameda for Proof of Funds After BIT’s Sudden 20% Drop, Threatens to Dump FTT

The community behind BITDAO, which is supported by crypto exchange Bybit, Pantera, billionaire Peter Thiel, and several other funds, asked trading firm Alameda, to prove that they continue to hold 100 million BIT tokens that they acquired in November last year by converting 3.36 million FTT tokens. The token swap deal required Alameda to hold tokens for at least three years.