In About-Face, Crypto Exchanges Abandon Support for STG Token Reissuance
Stargate Finance’s original STG token is gaining support again after StargateDAO canceled its plans to reissue STG following a dispute with FTX liquidators. Source
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Stargate foundation advises DAO against reissuing STG tokens
Stargate Foundation has advised its decentralized autonomous organization (DAO) against reissuing Stargate’s native Stargate Finance (STG) token due to concerns raised by FTX liquidators. The liquidators have expressed the belief that such a move would violate the automatic stay and could result in legal repercussions.In March 2022, Alameda Research, the former cryptocurrency
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Stargate to Reissue STG Tokens Following Alameda Wallet Hack
Alameda purchased 10% of the total STG supply from a Stargate Community sale in March 2022. Alameda promised to lock up the tokens until March 2025 but became embroiled in controversy for illegally borrowing user funds from its sister company, crypto exchange FTX, some months later. Original Source
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Interoperability-focused Stargate Finance (STG) aims to kick off DeFi 3.0
"Stargate Finance" has been trending on Twitter for the past week and while it's too early to call for a full-blown DeFi bull market, traders have been shoveling funds into the project, which claims to be a “composable omni-chain native asset bridge.”Data from Cryptox Markets Pro and TradingView shows STG
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