The new BitDAO proposal requires Alameda to transfer the BIT it holds on-chain, otherwise it will dispose of the FTT in the treasury
ChainCatcher message, the BitDAO community has issued an urgent proposal requesting Alameda Research to transfer 100 million BIT to an on-chain address for verification by the BitDAO community, rather than to a trading platform. They require the transfer to be completed within 24 hours, or the BitDAO community will decide (through voting or any other urgent action) how to handle the 3,362,315 FTT in the BitDAO treasury. (Source link)
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