On Jan 26th the price of TIME was pushed down well below the backing price, leading to massive liquidations.
The assurance of a safeguard for this event in the form of treasry buybacks was given.
Why was this safeguard not in place? Why was the price manipulated down right at the time the buybacks were due to be implemented?
Sadly, these are troubling circumstances, and if there is to be any involvement between the management at the time or with other projects that they continue to operate such as abracadabra, a full detailed and transparent report should be issued describing exactly why the safeguards were not in place, and given that the backing price present an obvious arbitrage opportunity, why the attack that occured was not forseen and steps taken to avoid it.