Alameda Research explained in response to Reef Finance that Reef claimed that we initially invested US$20 million and also expressed our interest in Reef to invest another US$60 million, but this is not true. We initially agreed to conduct a US$80 million investment. Transaction, but after the first payment, Reef gave up and refused subsequent payments. Alameda Research stated that we believe that the transaction was clearly agreed, and the retreat afterwards was a malicious act by Reef.
In addition, Alameda Research responded to the sale of REEF tokens and stated that although this has nothing to do with the terms of the transaction, Alameda Research did not immediately sell all REEFs.
Earlier, Reef claimed that Alameda Research sold the REEF tokens on Binance. We don’t understand why our long-term strategic investors would sell the tokens immediately after purchase.
Previously, Alameda Research quantitative trader Sam Trabucco accused REEF: “Alameda has nothing to do with the REEF team and does not support the REEF project. Although Alameda agreed to conduct OTC transactions with REEF, REEF immediately spread it through social media and violated the OTC The agreement of the transaction, so Alameda does not recommend anyone to do business with REEF in any way."
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