Giant market maker Wintermute accused the Near Foundation of turning down its $11 million stablecoin offer and failing to honor the agreement.
CEO of market maker Wintermute Evgeny Gaevoycreator of cryptocurrency project NEAR Near Foundation He spoke harshly about it. Evgeny Gaevoy in a letter dated November 8 in the post He shared with the public what happened between Wintermute and the Near Foundation.
Wintermute, one of the companies currently managing FTX’s liquidation process, is as promised by the Near Foundation. $11.2 million worth of stablecoin USN To Tether (USDT) He stated that he gave up on converting at the last minute.
Gaevoy to liquidate Wintermute’s assets for creditors FTX and that it works together with $11.2 million He stated that it also included the sale of USN worth
In his statement on the issue, Evgeny Gaevoy stated that this move of the Near Foundation directly harmed Wintermute:
NF can call it whatever he wants; As a result, their refusal to convert our USN to USDT in line with their public and private commitments has directly harmed us. I can only speculate as to the real reasons behind the refund. It seems to us that the program is being run by Aurora and NF without accountability or transparency.
Near Foundation’s native token NEAR was not affected by the developments. Experts say this NEAR And USN between, LUNA And TOP a relationship like not to be found tied up.