⁉️ NEAR Foundation was accused of breach of trust in dealing with Wintermute
Evgeny Gaevoy - CEO of leading market maker Wintermute, said that this unit lost 8 million USD because of NEAR Foundation's breach of trust when it only accepted to convert 20% of the USN stablecoins it bought from FTX, instead of the entire amount. as the deal.
Wintermute confirmed that the transaction was confirmed by NEAR Foundation and Aurora, and then transferred USN to Aurora in August 2023. However, later NEAR Foundation and Aurora contacted again and said that they could only pay 20% of the value of the USN amount.
Aurora also spoke up, according to which they only convert USN to USDT for genuine users & investors in the NEAR ecosystem. On the other hand, NEAR Foundation believes that this amount of USN may be of illegal origin and therefore refuses to convert.
Evgeny Gaevoy stated that his company could easily accept these losses, but felt the need to speak up for the common good. And threatened to take legal action against NEAR Foundation and Aurora to reclaim the money as originally agreed.
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