Delta Discloses OTC Trading Dispute: Partner Has Sold 16.5 Million DELTA, Team Admits Lock-Up Restrictions Were Not Implemented

On November 9, the Delta team issued a statement clarifying that on August 24 this year, the project distributed 26 million DELTA tokens to partners through over-the-counter (OTC) transactions during its initial launch phase, accounting for 2.6% of the total supply, in exchange for operational funding and marketing support.

Of these, 16.5 million DELTA tokens (1.65% of the total supply) have already been sold, with the remaining 9.5 million still held in two addresses. Delta clarified that the team did not directly sell the tokens, but acknowledged that no lockups, vesting periods, or sale restrictions were initially set for partners, and that advance communication regarding such sales was not established.

According to on-chain data disclosed by the team, on November 7, three token recipient addresses transferred a combined 101,500 USDG to a wallet linked to Frogmanhaha. Delta stated that efforts were made to resolve the issue collaboratively with the partners, but no agreement was reached. The team will take this as a lesson moving forward and continue to push forward with project development.