
FTX User Debt (FUD) tokens decline 10% as 18M burn becomes imminent
DebtDAO's FUD token rallied to as high as $115 on Feb. 5, forcing the DAO to consider burning majority of the token's supply.

Track FTX news, including bankruptcy updates, creditor repayments, court rulings, asset recovery, and the lasting impact of the collapse.

Judge John Dorsey wants the parties involved to reach an agreement on the matter.

Around $14 million worth of assets, or 72% of the assets Hodlnaut deployed on centralized exchanges were on FTX.

Crypto spend is now focused on user experience, products, and customer service, rather than glitzy adverts.

Bitcoin analysts said this cohort accumulation is good for the network because it would make the asset more decentralized over time.

Debt DAO issued 20 million FUD tokens valued at $1 each. It will issue and airdrop additional tokens after FTX confirms the debt amount.

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