TechFlow News - According to Chain Catcher, yesterday, prominent investment firm Alameda Research posted an article accusing Reef Finance of breaching an over-the-counter trading agreement by refusing to proceed with a REEF token purchase transaction, and therefore advised against conducting any business with them.
At 3 AM Beijing time, Reef Finance CEO Denko Mancheski published a response to Alameda Research's allegations, claiming that the investment firm had purchased $20 million worth of REEF tokens at a 20% discount and immediately transferred and sold all of them on Binance exchange.
Several hours later, Alameda Research issued a rebuttal to Reef Finance's statement, indirectly acknowledging that it had sold some portion of its REEF tokens but denying Reef’s claim that it had dumped all of them. Previously, Alameda Research trader Sam Trabucco also pointed out on Twitter that the firm still holds the majority share of REEF tokens.
In the article, Alameda Research stated, “Reef claims we initially invested $20 million and expressed interest in reinvesting another $60 million, but this is not true. We originally agreed to an $80 million transaction, but after the first payment, Reef abandoned and refused subsequent payments.”
