Cryptocurrency news by Protos

Huobi monetizes FTX collapse with opaque debt token


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Huobi has announced that it’s listing the ‘FTX User Debt’ (FUD) token issued by the ‘DebtDAO.’ This is despite the lack of many basic details that would help explain its functionality.


The project claims that FUD is a ‘bond token’ issued after it was notified of a ‘debt amount’ of $100 million related to the FTX bankruptcy.

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Cryptocurrency news by ProtosBy Protos