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Wintermute, a market maker, has accused the NEAR Foundation and Aurora Labs of reneging on a deal to convert $11 million worth of USN stablecoins for FTX creditors. Wintermute claims that NEAR refused to redeem the USN stablecoin and only offered a 20% repurchase offer. Wintermute has threatened to take legal action if NEAR does not redeem the tokens.
ICYMI: Wintermute vs. NEAR Foundation: A feud is brewing around the failed USN stablecoin https://t.co/JGmhyzedaW
Wintermute declares friendship over with Near Foundation and Aurora Labs after they refuse to send $11 million November 7, 2023 https://t.co/USUGABu2ov https://t.co/1AzudzAsBU
Wintermute vs. NEAR Foundation: A feud is brewing around the failed USN stablecoin https://t.co/A1rWquHUSa
Remember kids, if someone is offering you discounted Tether fraud bucks, it's better to stay away from the transaction. Because it's probably a scam. As Wintermute has now learned. https://t.co/3tzPlol0om
💥Wintermute threatened to take action against Near's foundation if it refuses to redeem 11.2M of its now-defunct USN stablecoin for USDT. The firm said it was assured the tokens were redeemable before buying them from the FTX estate for $11M. Read More👇 https://t.co/eXDnSwUp19 https://t.co/Mr7cT3E0Mx
NEWS: Wintermute CEO takes Near Foundation and Aurora Labs to the court of public opinion https://t.co/eMdqK3GX91
Wintermute CEO Evgeny Gaevoy claims that the NEAR Foundation refused to honour their commitment for the $11 million USDT in exchange for USN sent to them. https://t.co/TYZVYjX7kp
Market maker Wintermute said it was assisting the FTX liquidator in selling NEAR stablecoin USN worth $11.2 million, but NEAR refused to redeem it and only gave a 20% repurchase offer. Wintermute said it may take legal measures. Due to operational difficulties, the NEAR… https://t.co/HU5A2LoueK
Wintermute has claimed the NEAR Foundation and Aurora reneged on a deal to convert $11 million worth of USN stablecoins for FTX creditors. https://t.co/IoSML07MeK