Bybit CEO responds to OIK's market-crashing question: Will not sell off activity budget for profit and accept audits from any regulatory authorities

Ben Zhou, CEO of Bybit, responded to the question of the OIK token dumping in the Launchpool project: "The OIK launchpool activity budget project has paid us a total of 10m tokens, 3.3m has been issued, and more than 90,000 users have participated in the activity. The launchpool is still ongoing and will be completed on March 19, with 5.7m to be issued.

Bybit never sells the activity budget for profit. This market manipulation behavior has serious legal consequences and the budget is in the hot wallet, which can be audited by any regulatory department. At present, OIK is indeed sold by large investors in the market, and the compliance department is investigating the specific details. In the future, we will consider letting the community see our budget more intuitively, and will use an independent wallet to accept the project budget so that the community can see it openly and transparently."

It is reported that a community user previously questioned: "It is inferred that Bybit is using its own Launchpool to treat the project as an ATM. SpaceNation's TGE, which was built for a year, failed. But 3 Over the past few days, the community has gone through indignation, reluctance, questioning, and investigation, and has collected some evidence. A community sold less than 5% of the project, and the project owner took on a circulation that should not have existed within 30 minutes of opening the market. "