150,000 bitcoins in question: Mt. Gox creditors to vote on draft compensation plan

Now defunct crypto exchange Mt Gox’s appointed trustee, Nobuaki Kobayashi, revealed that the Tokyo District Court has not found any grounds for disapproving a previously submitted draft rehabilitati The post 150,000 bitcoins in question: Mt.

Creditors of Mt. Gox Bitcoin exchange to vote on draft refund plan

Mt. Gox creditors will vote on a proposed draft compensation plan in October 2021. The trustee of hacked and now-defunct cryptocurrency exchange Mt.

Kraken users demand refunds over flash-crash liquidations

Margin traders on Kraken are outraged after a flash-crash triggered wholesale liquidations while the exchange was inaccessible to users. Kraken users are demanding compensation after violent flash crashes localized to the exchange resulted in leveraged trades being liquidated amid the sharp retracements recorded across the crypto markets on Feb.

Bithumb Must Compensate BTC Address Book Mixup Customers – at 2018 Prices

Bithumb, South Korea’s market-leading crypto exchange, has been ordered to pay compensation to the victims of a 2018 “accidental” bitcoin (BTC) “withdrawal” mishap that left them out of pocket.

Origin Protocol begins accepting compensation claims following $7M exploit

Co-founder Josh Fraser said he hopes the compensation plan will help build trust among users as the project moves forward. Origin Protocol, a DeFi stablecoin project, will begin accepting claims from users who were affected by a $7 million exploit that occurred back in November 2020. According to a blog post from Origin on Jan.

Yearn.finance team proposes $225 million YFI token mint

Community members and contributors are moving forward with a plan to build a treasury and better incentivize developers. After a week of at times rancorous debate, an 11-author team of Yearn.finance core contributors and community members have submitted today a proposal to increase the supply of YFI by 6666 tokens — a quantity worth roughly $225 million at today’s prices. The proposal is the culmination of a wider discussion about developer incentives for decentralized finance’s (DeFi) original yield vault project.

European Parliament Petitioned to Create Crypto Crime Compensation Fund

A petition has been submitted to the European Parliament, asking to implement a scheme to compensate crypto-related victims.