welcome
CoinGape

CoinGape

Business

Business & Economics

Crypto Exchange OX.FUN Bursts FUD of Insolvency And $1 Million USDC Frozen

CoinGape
Summary
Nutrition label

58% Informative

Crypt exchange OX.FUN has refuted claims of insolvency and mass fund withdrawals.

The platform emphasized that only JefeDAO was affected, accusing him of attempting to exploit the system.

The announcement comes at a time when crypto exchange Bybit faced a severe hack losing $42 million from the platform.