Mojito Markets Pauses Protocol Development Due to FTX Crash

Aptos ecosystem DEX protocol Mojito Markets announced that the entire team has decided to pause protocol development due to the impact of the FTX/Alameda crash, the loss of project funds that were under the custody of FTX, and the loss of Alameda as the team's market maker.

When the capital/funding situation becomes better, Mojito Markets intends to pick up where it left off but also go multi-chain to maximize exposure of the protocol, whilst also tapping into universal cross-chain liquidity.

Next, the official team will remint $MOJO on Ethereum, which will be the first step on its multi-chain journey when the project decides to pick things back up. The exact operation will be announced in the following days.