TechFlow news — In response to the dispute between Alameda Research and Reef Finance, Reef Finance CEO Denko Mancheski released screenshots of his conversations with the Alameda team. The Alameda Research team stated that they hold a significant portion of funds on Binance and have not yet sold a large part of their initial token allocation. They added that if this is how Reef Finance handles protocol deals, it would change their behavior.
If this matter remains unresolved, Alameda Research indicated it might:
(1) Publicly announce that we are not collaborating with the REEF team; (2) Delist REEF; (3) Work with Binance and other exchanges to delist REEF.
Previously, prominent investment firm Alameda Research accused Reef Finance of breaching an OTC agreement by refusing to proceed with a REEF token purchase transaction, advising others not to do business with them. Subsequently, Reef Finance CEO Denko Mancheski responded, claiming that after purchasing $20 million worth of REEF tokens at a 20% discount, the firm immediately transferred and sold all of them on Binance.
