Upbit Temporarily Halts Services Amidst APT Token Scam
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APT is trading inside a descending parallel channel.
MakerDAO (MKR) is planning to deposit $1.6 billion in USDC on Coinbase Prime to earn a yield of 1.5% per year. A poll on the proposal is three days away from closing. The decision could set the DeFi protocol on the path to centralization.
Aptos Labs, the firm behind the APT token, has urgently demanded a halt in the listing of the $APT token.
Aptos has teething problems hours after mainnet deployment. VCs and team control majority of token supply.
Tokens that private investors hold are subject to a 12-month lockup, while the entire circulating supply will be released in the next ten years.
The Aptos Foundation has officially announced that they will be issuing a total of 20,076,150 APT Tokens that will airdrop to 110,235 testnet participants.