Alameda provides proof it holds 100 million bit tokens after B | Trade Crypto Now

Alameda provides proof it holds 100 million bit tokens after BitDAO query

Under pressure crypto trading firm Alameda Research provided proof it still holds 100 million bit tokens it received in a swap agreement with BitDAO after a request for clarification from the one of the world's largest investment DAOs. The tokens — worth about $39 million at current prices — have been moved to a designated wallet, BitDAO tweeted.

Alameda and FTX, a trading firm and crypto exchange both founded by Sam Bankman-Fried, have come under pressure this week after Binance CEO Changpeng Zhao tweeted that Binance would beginning selling its holdings of FTT, FTX's token. Zhao cited “recent revelations” for the decision — seemingly a reference to a CoinDesk report that revealed details of Alameda’s balance sheet. The swap agreement from 2021 saw BitDAO receive almost 3.4 million FTT in exchange.

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