Posted 11/8/2023, 1:18:45 AM
Wintermute Threatens Legal Action Against Near Over Failed $11M USN Stablecoin Redemption Deal
- Wintermute CEO claims Near Foundation reneged on $11M USN stablecoin redemption deal with FTX estate
- Wintermute executed USN sale to provide $11M to FTX creditors based on alleged 11 USN to USDT redemption agreement
- Near allegedly refused to honor agreement and redeem USN for USDT
- Wintermute received final offer of only 20% of $11M from Near
- Wintermute threatens legal action against Near and Aurora over failed redemption deal