![DebtDAO to Burn 18M FTX User Debt Tokens Following Demand Frenzy DebtDAO to Burn 18M FTX User Debt Tokens Following Demand Frenzy](https://www.coindesk.com/resizer/VPSmxr8Vbh39e5DuIcdIHuerflM=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/DLLE5AOAXZCD5PGP6NLYTN6A3Y.jpg)
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.