Wintermute CEO claims NEAR and Aurora reneged on $11M USN stablecoin conversion offer
Wintermute founder and CEO Evgeny Gaevoy has accused NEAR Foundation and Aurora of failing to convert $11 million worth of USN stablecoins. Gaevoy claims that NEAR refused to honor their commitment to facilitate the sale of $11.2 million worth of USN for the FTX estate, despite previously earmarking money for it. Wintermute executed the transaction on the basis that it would be able to redeem USN to USDT on a one-to-one basis, but NEAR allegedly "refused to honor their commitments" and offered a final settlement of 20% of the $11 million. Wintermute plans to pursue legal action against NEAR and Aurora.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How YeagerAI Is Allowing dApps to Access Real-World Data More Efficiently
241128: Bitcoin Pumps Above $97K, Then Dumps, as Ether, XRP Surge 7%
Bitcoin zoomed above $97,000, bringing hopes of breaching the landmark $100,000 level on social media, before paring gains to nearly $95,500 in Asian morning hours on Thursday. BTC added 3.3% in the past 24 hours, data shows, ahead of a Thanksgiving weekend that has historically recorded sudden pri
Attention is value, and AI Agents will continuously attract users and capital
To truly grow, AI entities cannot be limited to promoting meme coins.
Flash Thursday: Buy crypto with a credit/debit card for zero fees
Every Thursday, enjoy zero fees when using your local fiat currency with a credit or debit card ( Visa, Mastercard, Google Pay Apple Pay)! Buy Crypto Promotion period: Every Thursday 8:00 PM – Friday 8:00 PM (UTC+8) Promotion rules Sign up for a Bitget account or log in to your existing account. Na
Trending news
MoreCrypto prices
More
