Controversial Tron-Based Altcoin Skyrockets 39,500% After Launch on Crypto Exchange Huobi
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An altcoin recently launched on crypto exchange Huobi has exploded exponentially since being listed. FTX Users’ Debt (FUD), based on Tron (TRX) and first listed on Huobi, aims to maintain its value with the backing of the debt of those who lost funds on collapsed crypto exchange FTX. The token is issued by DebtDAO, an organization that has no direct affiliation with FTX. FUD is meant to represent $1 of debt, and had an initial supply of 20 million tokens. Tron founder and Huobi advisor Justin Sun described FUD as a “bond token” that is “set to benefit everyone in
In a recent development, Mishaboar, a prominent developer and Dogecoin (DOGE) advocate issued a plea for Dogecoin holders to withdraw their DOGE holdings from the popular crypto exchange, Huobi This call comes amidst escalating concerns about Huobi’s solvency, raising questions about the efficacy of widely accepted concepts such as proof-of-reserves…