• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

DeFi platform Oxygen is in difficulties since FTX holds most of the tokens

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

DeFi brokerage Oxygen explained FTX is the bulk holder of tokens in its ecosystem and is trying to find legal support.

DeFi platform Oxygen is in difficulties since FTX holds most of the tokens

The recognize from the morning of November sixteen reads:

Related articles

What is DeFi (decentralized finance)?  Discover the potential and risks of decentralized finance

What is DeFi (decentralized finance)? Discover the probable and dangers of decentralized finance

November 24, 2023
What is Jupiter (JUP)?  DEX Aggregator platform on Solana launches nearly 1 million user wallets

What is Jupiter (JUP)? DEX Aggregator platform on Solana launches virtually one million consumer wallets

November 24, 2023

one/ The MAPS and Oxygen teams are shocked by the occasions surrounding the bankruptcy proceedings of the FTX Group.

— Oxygen – Decentralized Prime Brokerage (@Oxygen_protocol) November 15, 2022

“We have been shocked by developments relating to FTX’s bankruptcy proceedings.

While FTX Group does not personal any stake in Oxygen, it does hold a sizeable percentage of MAPS/OXY tokens and serves as custodian of in excess of 95% of the company’s complete ecosystem provide of.us tokens, each locked and unlocked.

Oxygen is a DeFi brokerage protocol, developed on prime of Solana and applying Serum’s on-chain infrastructure. OXY is the governance token of the Oxygen protocol, MAPS is the token employed for the 2nd model of the offline mapping mobile app Maps.meannounced integrated with Oxygen in 2021.

The sister firm of FTX is Alameda Research when invested $forty million in Oxygen in February 2021 with Multicoin Capital, Genesis Capital and CMS.

“We are examining all options on how to protect the MAPS and OXY ecosystem and have engaged legal counsel to assist in this process,” additional Oxygen.

Song last message on Maps.me it is three/ten.

Also this morning, The Wall Street Journal reported that BlockFi is getting ready to file for bankruptcy, due to its solid association with FTX, along with a variety of other relevant organizations.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: DeFiFTXholdsOxygenplatformtokenstrouble
Share76Tweet47

Related Posts

Strategy Proposes New Stock Offering for Bitcoin Expansion

by shark
June 3, 2025
0

Strategy announces offering of 2.5 million Series A shares to boost Bitcoin holdings.

US Extends Pause on Select Chinese Tariffs to 2025

by shark
June 3, 2025
0

The US extends its pause on tariffs for certain Chinese goods reflecting broader international economic dynamics.

Ethereum Plans 10x Layer 1 Scaling in 2025

by shark
June 3, 2025
0

Ethereum's Vitalik Buterin announces plans for a 10x scaling of Layer 1 in 2025.

Trump Sets Trade Deadline to Avoid Tariffs

by shark
June 3, 2025
0

Donald Trump demands countries submit their best trade offers by Wednesday to prevent tariff reinstatement across global markets.

FalconX Acquires Stake in Monarq Asset Management

by shark
June 3, 2025
0

FalconX, a leading crypto prime broker, acquires a majority stake in Monarq Asset Management, expanding institutional client offerings.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Strategy Proposes New Stock Offering for Bitcoin Expansion
  • US Extends Pause on Select Chinese Tariffs to 2025
  • Ethereum Plans 10x Layer 1 Scaling in 2025
  • Trump Sets Trade Deadline to Avoid Tariffs
  • FalconX Acquires Stake in Monarq Asset Management
  • Tron Hits All-Time High in May Transfer Volume
  • IMF Seeks Clarity on Pakistan’s Bitcoin Power Allocation
  • Pi Network Turns to Gaming Amid Token Price Drop
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7