Mantle pauses token migration to cease FTX from changing $43M in BIT tokens to MNT

A neighborhood member began a dialogue amongst members within the Mantle decentralized autonomous group (DAO), proposing to limit the collapsed FTX change and Alameda Analysis from changing their BitDAO (BIT) tokens price $43 million to Mantle (MNT) amid the continued token migration course of.

On Nov. 2, 2021, BitDAO swapped 100 million BIT with Alameda in change for over 3.3 million FTX tokens (FTT). The commerce got here with a public dedication to carry one another’s tokens for a span of three years, which is till Nov. 2, 2024. Nevertheless, amid the FTX fallout in 2022, BitDAO suspected Alameda of dumping the tokens and inflicting BIT to plummet. On the time, former Alameda CEO Caroline Ellison denied their involvement within the dump.

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