Maps.me and Oxygen: FTX holds more than 95% of total token supply and has hired legal counsel to help

ChainCatcher reported that according to CoinDesk, the tokens of DeFi projects Maps.me and Oxygen invested by Alameda Research are locked in FTX, and more than 95% of their total token supply is held by FTX. According to the statement, the project team is considering all options on how to protect its platform and has hired legal counsel to help.

ChainCatcher previously reported that in January 2021, travel and map application Maps.me announced the completion of a $50 million seed round led by FTX, and a month later, DeFi prime brokerage firm Oxygen announced the completion of a $40 million round led by Alameda Research. (CoinDesk)