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Sunday, April 21, 2024

DebtDAO to Burn 18M FTX User Debt Tokens Following Demand Frenzy

Huobi Global adviser Justin Sun explained the token offering in a tweet last week. “FUD token provides creditors with a new level of liquidity, allowing them to trade their FTX debt on the open market,” Sun said, adding it “has been confirmed” through a contract provided by DebtDAO that the debt is in the tens of millions of dollars.

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