The reason given by the team was "not being able to find a product model suitable for the market". Since February this year, the project has conducted capital calls to maintain operations. However, without seeing the effectiveness of the product and the project's Treasury reserve fund continuously being depleted, Fuji decided not to conduct new capital calls and end project development.
The SocialFifriend.tech app on Base has not yet cooled down on the Twitter community after announcing the start of reward distribution for app trial accounts during beta and revealing the seed fundraising organization 3 months ago. , with the participation of famous investment Paradigm.
According to court documents, the defense lawyer for Sam Bankman-Fried argued that the former CEO of FTX was wrongly advised, leading to actions that lacked transparency that ultimately led to the bankruptcy of the trading platform. . These arguments will be used in the trial of Sam Bankman-Fried in October.
BingX, the world's leading crypto exchange, has taken a significant step forward in its commitment to driving innovation in the blockchain and Web3 ecosystem. Accordingly, through its investment arm, Bing Ventures, BingX made a strategic investment in Moonbox, a pioneering startup in AI and Web3.