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Bybit CEO responds to OIK's criticism of stock market crash: will not sell activity budget for profit, accepts any regulatory audit

2025-03-16 15:18

Odaily Planet Daily News: In response to questions raised by community members about the OIK token of the Bybit Launchpool project, Bybit co-founder and CEO Ben Zhou stated on X platform: "The project team has allocated a total of 10 million tokens to us for the launch pool activity budget, of which 3.3 million have already been distributed. Over 90000 users have participated in the activity, and the launch pool is still ongoing. The activity will be completed on March 19th, with 5.7 million remaining to be distributed. Bybit never sells the activity budget for profit. This market manipulation behavior has serious legal consequences and the budget is included in the hot money package, which can be audited by any regulatory department. At present, it appears that there are indeed large investors selling in OIK, and we are investigating the specific details in compliance. In the future, we will consider making our budget situation more visible to the community. We will use an independent wallet to receive project budgets, so that the community can openly and transparently see the budget usage

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