NEAR Foundation CEO Illia Polosukhin revealed that the organization had denied a request from crypto market maker Wintermute to exchange 11.2 million USN stablecoins for USDT.
The revelation was first reported by Chinese journalist Colin Wu. In a tweet, Wu stated that Polosukhin had flagged the acquired USN tokens as likely originating from questionable sources and potentially tied to illegal activities. As such, NEAR rejected the proposed swap to avoid effectively laundering the funds.
…The post NEAR CEO Rejects Wintermute’s 11.2M USN Token Swap for USDT Request appeared first on Coin Edition.
NEAR Foundation CEO Illia Polosukhin revealed that the organization had denied a request from crypto market maker Wintermute to exchange 11.2 million USN stablecoins for USDT.
The revelation was first reported by Chinese journalist Colin Wu. In a tweet, Wu stated that Polosukhin had flagged the acquired USN tokens as likely originating from questionable sources and potentially tied to illegal activities. As such, NEAR rejected the proposed swap to avoid effectively laundering the funds.
…The post NEAR CEO Rejects Wintermute’s 11.2M USN Token Swap for USDT Request appeared first on Coin Edition.