On April 14, a report revealed by the famous Blockchain investigator ZachXBT stirred up the cryptocurrency community. He pointed out that REEF founders Denko and Fukogoryushu are suspected of leveraging their Token to obtain large mortgage loans before the $OM Token incident. This action sparked speculations about market manipulation.
A highlight ZachXBT mentioned was the massive transaction between Denko and Alameda in 2021, valued at up to 80 million USD. This further increased concerns about the legality of REEF's activities, especially when Binance announced the Delisting of REEF in 2024.
This information is market-oriented and not investment advice. Investors should be cautious and analyze carefully before making decisions.
