• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
​More than 95% of Maps.me and Oxygen tokens are locked on FTX

​More than 95% of Maps.me and Oxygen tokens are locked on FTX

user avatar

by dapp_writer005

3 years ago


On November 16, 2022, it became known that several DEX projects at once (Maps.me and Oxygen) announced that 95% of their assets are stored on the bankrupt FTX exchange. Representatives of the projects spoke about this on the Oxygen protocol website. It is worth noting that these platforms were previously supported by Sam Bankman-Fried. In total, about $100 million was invested in the investment of the sites.

At the moment, representatives of Maps.me and Oxygen are shocked by the information about the bankruptcy of FTX, since it was this exchange that held most of the ecosystem tokens. To ensure the protection of their platforms, project heads turned to legal advisers for help. 

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other articles

GalFi: Galactic Finance Overview — How the Space-Focused GameFi Platform Works

chest

An in-depth overview of GalFi: Galactic Finance, a space-themed GameFi project combining strategic gameplay, NFT assets, DeFi integration, and a sustainable Web3 economy.

user avatarElena Ryabokon

Parallel TCG Overview: How One of the Most Promising Web3 Card Games Works

chest

An in-depth overview of Parallel TCG, a blockchain trading card game featuring NFT ownership, strategic gameplay, sci-fi lore, and a sustainable Web3 ecosystem.

user avatarElena Ryabokon

Nado Protocol: Automating Yield Strategies and Liquidity Management in DeFi

chest

Nado is a modular DeFi protocol designed to automate on-chain capital management and yield strategies, combining flexibility, transparency, and scalability.

user avatarElena Ryabokon

Buidlpad Platform: How a Community-Driven Web3 Launchpad Works

chest

Buidlpad is a community-first Web3 launchpad focused on fair token distribution. Explore its concept, products, economic model, and long-term vision.

user avatarElena Ryabokon

Aden Protocol: How Professional On-Chain Derivatives Trading Works

chest

Aden is a decentralized Perp DEX with an order book and deep liquidity. Learn about its architecture, trading features, economic model, and long-term outlook.

user avatarElena Ryabokon

Ranger Finance Protocol: How Perpetual and Spot Liquidity Aggregation Works on Solana

chest

Ranger Finance is a Solana-based DeFi protocol aggregating perps and spot liquidity. Learn about its architecture, products, economic model, and growth outlook.

user avatarElena Ryabokon

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.