FTX warns against Justin Sun-backed FUD tokens

2023-2-18 20:22

Bankrupt crypto exchange FTX has warned its creditors against patronizing unauthorized debt tokens, including the Justin Sun-backed FTX User Debt Token (FUD).

FUD is a debt token issued by Debt DAO with a claim of issuing FTX users’ debt as a bond token. At launch, about 20 million FUD was minted, with plans underway to mint additional tokens as soon as FTX confirmed the debt amount.

FTX tweeted on Feb. 17 to disassociate itself from the project and warned creditors against dealing with such unauthorized schemes.

FTX via Twitter (17/02/2023)

However, Justin Sun had earlier backed the listing of FUD on Huobi Global, claiming that FUD is a “top quality FTX debt asset.”

Following the Huobi listing, FUD surged to a high of $115, which forced the DAO to consider burning about 18 million FUD tokens.

The crypto community had expressed pessimism about the token as the DebtDAO has no website, and its Twitter account was last active on Feb. 8.

Over the last 24 hours, trading activities have slowed for FUD as its price fell below $16, and its trading volume sits at $231,300, according to Coinmarketcap data.

The post FTX warns against Justin Sun-backed FUD tokens appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

FintruX Network (FTX) на Currencies.ru

$ 0.0007462 (+2.01%)
Объем 24H $73
Изменеия 24h: 3.78 %, 7d: 5.93 %
Cегодня L: $0.0007462 - H: $0.0007462
Капитализация $0 Rank 7418
Цена в час новости $ 0.0025809 (-71.09%)

ftx tokens sun-backed fud justin against debt

ftx tokens → Результатов: 126


FTX CEO Sam BankMan-Fried Speaks on Crypto Uses Beyond Investment

The Chief Executive Officer of FTX, Sam Bankman-Fried in a Twitter thread identified other use-cases for the crypto industry apart from its use as a speculative financial investment instrument. According to SBF, he is going to ignore the popular line from investors that “you can buy tokens and maybe they’ll go up” and focus on … Continued The post FTX CEO Sam BankMan-Fried Speaks on Crypto Uses Beyond Investment appeared first on BeInCrypto.

2022-7-18 19:59


How To Transfer Crypto (BTC, ETH, ADA etc) From FTX to Bybit?

IMPORTANT WARNINGS Trying to deposit a non-supported token may result in the loss of tokens. Send a small test amount first Beware when choosing the network which you want to use for sending crypto Moving cryptocurrency out of FTX Sending your cryptocurrency from one exchange is exactly the same as withdrawing from one exchange and […] The post How To Transfer Crypto (BTC, ETH, ADA etc) From FTX to Bybit? appeared first on CaptainAltcoin.

2022-3-18 23:48


How To Transfer Crypto (BTC, ETH, SHIB, ADA etc.) From Binance to FTX?

IMPORTANT WARNINGS Trying to deposit a non-supported token may result in the loss of tokens. Send a small test amount first Beware when choosing the network which you want to use for sending crypto How to Withdraw Cryptocurrency on Binance In order to move your cryptocurrency from Binance to FTX, first, we need to log […] The post How To Transfer Crypto (BTC, ETH, SHIB, ADA etc.

2022-2-10 19:05