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BitDAO’s BIT Token Drops 20%, The Firm Blames FTX-Alameda For The Dump

Author: Delma Wilson

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Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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The FTX-Alameda drama is taking new turns everyday and today after DAO’s BIT token plunged by 20%, BitDAO, leading decentralized autonomous organizations (DAO) has entered the show. The BitDAO community which is majorly supported by Bybit and Pantera has asked Alameda to provide data that shows the firm still holds 100 million BIT. The firm had purchased the said tokens in Nov 2021 after converting 3.36 million FTT tokens.

The notice was passed after Bybit co-founder Ben Zhou accused Alameda for selling BIT tokens. Now, if Alameda fails to prove that they still hold 100 million BIT tokens, BitDAO has claimed to sell 3,362,315 FTT tokens.

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