Attention Chinese FTX creditors: Your compensation may be zero
The FTX Recovery Trust’s “restricted jurisdiction procedure” is ostensibly a compliance guise, but is in fact a structural exclusion mechanism.
JinseFinanceThe FTX Recovery Trust’s “restricted jurisdiction procedure” is ostensibly a compliance guise, but is in fact a structural exclusion mechanism.
JinseFinanceFTX blocked Chinese creditors from paying compensation in the name of so-called "restricted jurisdiction". What is the official reason it gave? Is this basis for refusing compensation tenable?
JinseFinanceTokens are not equity. They are not even a substitute for equity, so companies should be careful about using this analogy when discussing it internally and explaining it to potential employees.
JinseFinanceIn response to the recent security breach, Kyber Network unveils a robust compensation plan for affected users. Starting February 1st, the plan offers structured options for reimbursement in USD stablecoins, prioritizing transparency and user choice. Complete KYC by January 23rd to participate
BrianIn 2023, the FTX bankruptcy case, which single-handedly dragged the entire crypto-asset circle into a downward spiral, ushered in the latest development-the preliminary compensation plan for investors was released. Most investors believe that the compensation is unfair and unreasonable.
JinseFinanceLedger commits to reimbursing users post-exploit and enhancing security by discontinuing blind signing, shifting towards Clear Signing standards.
BrianKyberSwap, reeling from a $54.7 million hack, plans victim compensation amidst a hacker's ultimatum. Kyber Network, the parent company, vows collaboration with authorities and remains steadfast in pursuing the hacker.
SanyaNorse Atlantic Airways takes a bold step towards greener skies, leveraging AI robots for aircraft maintenance to reduce fuel consumption, recycle glycol, and expedite inspections by 90%.
JasperTemasek’s chairman said in a statement on following an internal review that the move was its way of taking “collective accountability” even though there was no misconduct by the investment team in reaching their recommendation.
FintechnewsThe thinktank looked at the interplay of performance, security and privacy in possible CBDC designs and made recommendations for optimizing it.
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