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anyone else feeling a bit sympathetic for Reef after this post? medium.com/reef-finance/o (i'm a longterm Alameda/FTX fanboy, just calling it like I see it)

SBF

@SBF_FTX

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@austerity_sucks

alameda-research.medium.com

REEF updates

In On March 8th 2021, Alameda and REEF agreed to an OTC transaction:

11:35 PM · Mar 15, 2021Twitter Web App

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Was there a “binding contract” or just this discussion?

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agreed. REEF complete noobs total unprofessional. Legally SBF team didn't do anything wrong. That threatening part could be ethically wrong but that came after REEF backtracked on their deal. In short REEF is shit

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this doesn’t look good... and I’m a big

fan.

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So basically, Alameda bought 20% discount OTC to dump on community! 👏 , i guess that’s a bad move. Apologize and move on!

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If they didn't want their token to be sold, they should not have sold them in the 1st place. You can't have your cake and eat it.

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Reef screwed up hard here. But making threats of delistings is also terrible.

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If you’re serious about Serum, you need to create a strict separation between Serum, FTX, and Alameda. No one will want to build on Solana because they’ll think it’s a centralized chain controlled by SBF/FTX/Alameda.