Mojito Markets will pause protocol development due to FTX/Alameda crash

Mojito Markets, a decentralized trading and prediction market on Aptos, tweeted that due to the collapse of FTX and Alameda, it has lost project funds hosted on FTX and lost market maker Alameda, which has had a serious impact on the ability to deliver project plans, thus, the protocol development will be paused. When the funding situation improves, Mojito Markets plan to recast MOJO tokens on Ethereum to achieve multi-chain deployment. The necessary processes and plans are currently being managed to effectively pause the project, and relevant information will be released in the near future.

Foresight News previously reported that in November, Mojito Markets stated that it was severely affected by the deposit of IDO funds on FTX, and had removed APT/MOJO liquidity on LiquidSwap.


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