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
WisdomTree, Which Manages $100 Billion, Names Two Altcoins! "These Will Lead the 2025 Rally!"
WisdomTree argued that XRP and Solana (SOL) will lead the altcoin rally in 2025.
Bitcoin and Ethereum Spot ETFs Continue to Make Outflows as Market Anxiety Continues! Here Are the DetailsBitcoin and Ethereum Spot ETFs See $101.6 M
Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs) experienced significant net outflows on March 5.
Hours Before the Critical White House Summit, Shocking Claim About XRP-Solana Arrived! – Solana Founder Revealed His Surprising Choice!
Ripple Labs allegedly pressured Trump to include Solana in its crypto reserve to legitimize the inclusion of XRP.
We Reported Yesterday and Expected Happened: Ethereum Developers Announced!
Ethereum developers confirmed in their meeting today that the development signaled yesterday was correct. Here are the details.
Trending news
MoreCrypto prices
More
