
PANews reported on April 14 that blockchain detective ZachXBT claimed that Reef founder Denko and Fukogoryushu allegedly sought large collateralized loans with the token before the $OM sharp decline, sparking market manipulation speculation. ZachXBT pointed out that Denko was previously involved in an $80 million OTC transaction with Alameda in 2021 and the Reef delisting from Binance in 2024.


