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Waves team accused of dumping its stablecoin to stay afloat

Waves team accused of dumping its stablecoin to stay afloat

The Waves team and its founder Sasha Ivanov have been accused of selling up to $138 million in USDN since April last year.

Cryptocurrency news by Protos · Protos

February 15, 20232m 11s

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Show Notes

Blockchain data suggests that the Waves team may have sold its own stablecoin, USDN, to top-up the bridge of its DEX and also buy back the debt accumulated by its Vires lending platform after a crypto analyst alleged the Waves team sold up to $138 million in USDN since April last year.

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