Cryptocurrency Analysis and News Portal
According to a recent report published by nonfungible token (NFT) money market protocol Paraspace and multichain wallet BitKeep, the current amount of NFT borrowing and lending, or NFTFi loans, has surpassed $430 million across 43,521 borrowers. The highest proportion of collateral comprised the most popular NFT collections, such as Wrapped
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Accusations of fund mismanagement flew between the Paraspace CEO and consultants, prompting the Paraspace team to publicly demand the CEO’s resignation. Meanwhile, the ongoing saga surrounding the whereabouts of the protocol’s funds witnessed a new development as
Read More
The Paraspace NFT protocol saga over the whereabouts of the protocol’s fund took another turn on May 19 as co-founder Jay Yao resigned from his position in the company. Last Week, the NFT protocol made headlines over the missing funds and a barrage of accusations by chief executives and CEO
Read More
On May 10, nonfungible token (NFT) financialization protocol ParaSpace published several alleged irregularities tying its CEO, founder and chief technology officer Yubo Ruan to the mismanagement of funds equaling 2,909 Ether (ETH) recovered through a white hat interception that occurred on March 18. Ruan denied any wrongdoing, writing: “Manufacturing claims
Read More