Huobi monetizes FTX collapse with opaque debt token
Justin Sun’s Huobi has announced it will list the FTX User Debt (FUD) token issued by the DebtDAO, though details are sparse.
Cryptocurrency news by Protos · Protos
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Huobi has announced that it’s listing the ‘FTX User Debt’ (FUD) token issued by the ‘DebtDAO.’ This is despite the lack of many basic details that would help explain its functionality.
The project claims that FUD is a ‘bond token’ issued after it was notified of a ‘debt amount’ of $100 million related to the FTX bankruptcy.
Hosted on Acast. See acast.com/privacy for more information.