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
Elon Musk sets a Diablo 4 global record
Share link:In this post: Elon Musk potentially ranks no. 1 in Atificer’s Pit challenge. He has timed his win at 1:52 beating the current record of 1:59. Elon Musk’s recent ranking has not yet appeared on the leaderboard.
SEC edges closer to Solana ETF approval amid political shifts
Share link:In this post: Solana exchange-traded funds may arrive on Wall Street very soon. SEC is in talks with issuers about approving a Solana ETF. SEC Chair Gary Gensler’s announcement that he would resign on January 20, 2025, aligns with the possibility of a pro-crypto administration taking office.
BoxBet Secures Strategic Funds To Build Future of iGaming
FTX to Begin Paying Creditors and Customers by Early 2025
Trending news
MoreCrypto prices
More
