Ox.Fun, a hybrid Perps Crypto exchange supported by co-founders of the failed three Arrows Capital Hedge Fund, is examined because data suggests that it mainly has its own OS token.
Gamified crypto-derivatives Exchange ox.fun, in which three arrows capital employee SU ZHU mentions as his adviser, shoots back against allegations of his insolvency and says in an X-post that NFT artist Jefedao ‘a social media campaign’ in a bid to offer activate a ‘coordinated FUD’.
In an X -post On February 24, Ox.Fun denied insolvency claims and stated that “all recordings are normally processed.” The exchange also accused Jefedao of trying to exploit the platform and said that his funds were frozen due to violations of her service conditions.
The dispute started when Jefedao claimed that one of the members $ 1 million in USD Coin (USDC) in Ox.Fun collapsed, but was later unable to record funds. Ox.Fun’s founder, Nicolas Bayle, shortly thereafter went to X to say that Jefedao did an “Oracle Manipulation Attack”, with large limit orders under fair market prices and the closing of short positions at lower levels.
Jefedao refuted The allegations. The artist also claimed that Bayle offered to return the money in exchange for the daily promotion of social media of the platform.
“I know literally that this is 100% fraud, only on the basis of the fact that it is very unusual and suspicious for a grant to request the promotion of their social media accounts as a condition to return someone’s funds.”
Jefedao
Coinbase’s head of product conor Grogan proposed in an X -Thread Those Ox.Fun’s portfolios usually contain his own OS tokens. He added that if the platform processed a pending $ 1 million USDC recording, the USDC balance would fall to around $ 1,000.
