TechFlow news — Treasure co-founder Karel Vuong responded on Discord to previous allegations that the team sold tokens at a 50% discount via OTC. He stated that the parties involved in the OTC trade were not from the team. Treasure knows the identities of both sides, but out of respect and confidentiality, will not disclose their names.
Karel Vuong also explained that the traders conducted the OTC transaction for management and accounting purposes, aiming to transition toward a more liquid model. This was not due to a loss of confidence in Treasure. On the contrary, they continue to support Treasure and offer advice. A statement from the relevant party will be released soon.
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