On Friday, the debtors who control the official FTX Twitter account warned the community to “be alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity affiliated with the company has issued IOU crypto assets or “debt tokens.” since a token called “FUD (FTX User’s Debt)” is circulating on the Tron blockchain and listed on Huobi This warning comes.
FTX debtors utilize their official Twitter account
to keep the community informed.
FTX Debtor, which manages the official FTX Twitter account, is warning the community about an entity it claims is associated with the now-defunct cryptocurrency exchange. The company filed for Chapter 11 bankruptcy protection, and the restructuring team and debtor frequently use the official FTX Twitter account to keep the community up-to-date.On February 17, 2023, the debtorissued a warningthat the debtor had filed for Chapter 11 bankruptcy protection, and that the company had filed for Chapter 11 bankruptcy protection and had filed for Chapter 11 bankruptcy protection. stating that the bankrupt company was not issuing debt tokens.
“The FTX Debtors remind to be alert for entities claiming to be affiliated with FTX,” The bankrupt exchange’s official Twitter account said on Friday. “The FTX Debtors remind to be scams from the stakeholders claiming to be affiliated with FTX. “The FTX Debtors have not issued any debt tokens and any such offer is fraudulent.”
FUD tokens circulated on the Tron blockchain and listed on Huobi
A cryptocurrency issued on the Tron blockchain called FUD (FTX User’s Debt) is circulating as the exchange’s restructuring team and debtors warn the community about the unofficial token. Someinformation about this coinis available on coingecko.com, and as of February 18, 2023, it is trading at prices ranging from $15.05 to $16.88 per unit. On February 6, 2023, Huobiannounced it had listed FUDand initial supply of 20 million.
The announcement also states that “Debtdao” decided to destroy 18 million FUD, and Tron founder Justin Sun discussed the project in detail on February 4, 2023,and stated that ” Bond tokens represent the highest quality FTX debt assets and are set to benefit everyone in the crypto world.” Coingecko.com does not list the circulating supply of FUD tokens, and Tronscan indicates that there are currently2,000,000 FUD tokens. Of this supply, 1,999,966 are hosted on Huobi and according to Tron explorer, there are only 4 unique holders.
According to Coingecko.com, Huobi is also the most active exchange, and in the past 24 hours, FUD traded $213,072 in volume, mostly paired againstTether (USDT). FUD was listed on February 7, 2023, the day after listing, at a all-time high of $73.97 and has since fallen 78%. The warning issued Friday by the FTX debtor and the FTX’s official Twitter account did not mention the name of the specific token. It merely provides a link to a web portal where information about the bankruptcy and restructuring process can be obtained at kroll.com.
Image Credits: Shutterstock, Pixabay, Wiki Commons
