Cryptocurrency

Wintermute alleges NEAR reneged on $11M stablecoin redemption agreement, per Cointelegraph.

Wintermute Claims NEAR Backed Out of $11M Stablecoin Redemption Deal

Wintermute Accuses NEAR Foundation and Aurora of Reneging on Offer

Wintermute founder and CEO Evgeny Gaevoy has claimed that the NEAR Foundation and Aurora allegedly reneged on an offer to convert $11 million worth of USN stablecoins. Gaevoy made the accusation on Nov. 7, stating that NEAR refused to honor a commitment to facilitate the sale of $11.2 million worth of its stablecoin USN for the FTX estate.

Wintermute’s Allegations Against NEAR and Aurora

Wintermute has accused NEAR Foundation and Aurora of failing to fulfill an agreement to convert $11 million worth of USN stablecoins, claiming that they backed out of the deal. The accusations were made by Wintermute founder and CEO Evgeny Gaevoy, who stated that NEAR refused to honor a commitment to facilitate the sale of $11.2 million worth of its stablecoin USN for the FTX estate.

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NEAR and Aurora’s Alleged Refusal to Honor Commitment

Wintermute founder and CEO Evgeny Gaevoy has claimed that NEAR Foundation and Aurora reneged on an offer to convert $11 million worth of USN stablecoins. Gaevoy alleged that NEAR refused to honor a commitment to facilitate the sale of $11.2 million worth of its stablecoin USN for the FTX estate.

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