Tokens of Alameda-Backed DeFi Projects Maps.me and Oxygen Locked Up at FTX
Maps.me and Oxygen, two decentralized finance (DeFi) projects backed by disgraced entrepreneur Sam Bankman-Fried’s beleaguered Alameda Research, said in a statement Tuesday that over 95% of the overall supply of their tokens are being held at bankrupt crypto exchange FTX.
The statement also said that the projects' teams are considering all options on how to protect their platforms and have hired legal advisers to help.