• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Legal Battle erupts over $11.2 million in USN

Legal Battle erupts over $11.2 million in USN

user avatar

by Liza Tanasova

2 years ago

Crypto market maker Wintermute is exploring legal action against the NEAR Foundation and Aurora after an alleged failure to convert $11.2 million worth of USN stablecoins. Wintermute CEO Evgeny Gaevoy accused NEAR of backing out of a commitment to facilitate the sale of USN, which Wintermute had been working on as part of asset liquidation for creditors.

Wintermute claims NEAR originally assured them that USN could be redeemed for Tether (USDT) at a 1:1 ratio. However, NEAR later refused to honor this agreement. Wintermute received a 20% repurchase offer from NEAR, which they find unsatisfactory, and they are considering legal action.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum Network Activity Declines

chest

Recent reports indicate a significant drop in Ethereum's network activity, with daily active addresses falling to their lowest level in seven months.

user avatarEmily Carter

Tron TRX Price Stalls Amid Resistance

chest

Tron TRX is trading around 0.2816 with a daily rise of 2.59%, but remains below key moving averages, indicating market pressure.

user avatarTomas Novak

Major Banks Anticipate $157B in Profits by 2026

chest

Six major U.S. banks are projected to earn a collective profit of $157 billion by 2026, driven by trading and advisory services.

user avatarKaterina Papadopoulou

Arbitrum Posts Exceptional Network Usage Amid Layer-2 Expansion

chest

Arbitrum continues to demonstrate high transaction volumes and stable network adoption metrics.

user avatarLi Weicheng

Worldcoin's Groundbreaking Identity Infrastructure Draws Attention

chest

Worldcoin focuses on digital identity verification, showing significant growth in wallet interactions.

user avatarMaya Lundqvist

Maxi Doge Engages Community with Memestyle Features and Rewards

chest

Maxi Doge is focusing on community engagement through staking rewards and tasks to maintain interest during and after the presale.

user avatarTenzin Dorje

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.