Bybit CEO responds to OIK's market-crashing suspicion: Will not sell activity budget for profit, will accept audit by any regulatory agency

Odaily Planet Daily News In response to community members' questions about the Bybit Launchpool project OIK token, Bybit co-founder and CEO Ben Zhou responded on the X platform: "The launchpool activity budget of this project has allocated us a total of 10 million tokens, 3.3 million of which have 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. There are still 5.7 million to be issued. Bybit will never sell off 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 we are investigating the specific details in compliance. In the future, we will consider allowing the community to see our budget more intuitively. We will use an independent wallet to accept the project party's budget so that the community can see the budget usage openly and transparently."