[Delta Team Statement: 2.6% of Tokens Sold Off-Exchange in Early Launch, 16.5 Million Already Sold] BlockBeats reported on November 9th that DeFi liquidity management protocol Delta issued a statement clarifying recent controversies. During the early launch phase on August 24th, the Pools platform had a TVL of approximately $50,000, and Delta's market capitalization was approximately $3 million. The team made an off-exchange sale of 2.6% of the supply in exchange for operating funds and marketing, corresponding to 26 million DELTA, distributed from the creator wallet to five receiving addresses. Of these, 16.5 million tokens, approximately 1.65% of the total supply, have been sold, and another 9.5 million tokens, approximately 0.95%, remain in two receiving wallets. The team acknowledged that the transaction processing could have been better, including setting vesting periods and lock-up restrictions, and that they placed too much trust in their partners. The other party could dispose of and sell their shares at their own discretion; the team set no restrictions and had no control over subsequent sales, but had originally hoped for communication before a major sell-off. Before the initial announcement, the team had contacted the other party and attempted to reach a solution, but failed to reach an agreement, leading to the release of on-chain evidence. On November 7th, an address labeled "Frogmanhaha Funding Wallet" transferred 0.01 ETH to each of the five receiving wallets within approximately three minutes. Three of these wallets collectively transferred approximately 101,500 USDG back to this funding wallet. Delta stated that OTC supported early operations and that agreed-upon support was in place, but the subsequent sell-off was not communicated beforehand. The team stated they take responsibility for their decisions. [Original Link]