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Platypus to work on compensation plan after $8.5M attack
18.2.2023
According to the DeFi protocol, different parties are currently involved in the funds' recovery process, including legal enforcement officials
At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region
14.2.2023
Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators of the distribution networks. Hundreds of Crypto...
Raydium announces details of hack, proposes compensation for victims
21.12.2022
The attacker made use of an exploit that allowed entire liquidity pools to be withdrawn as “fees.”
The Pitfalls of Being Paid in Crypto
18.11.2022
Between marginal rates, excise tax and the potential for foreign tax credit mismatch, crypto grants could be taxed at an 80% or higher effective rate
FTX to give a 'one-time' $6M compensation to phishing victims
24.10.2022
FTX founder Sam Bankman-Fried said the exchange won’t be “making a habit of compensating” users that are “phished by fake versions of other companies.”
Angry Crypto Exchange Customers Will Get Compensation – If They Can Prove One Thing
18.10.2022
The South Korean market-leading crypto exchange Upbit has announced that it will compensate traders who lost money during the power outage that blighted the platform’s login functionality over the weekend – but only if they can prove they were really going to sell their coins during...
Terra Luna Foundation Guard Freezes $100M Compensation Treasury
8.10.2022
The Luna Foundation Guard (LFG), a non-profit organization that supports the Terra ecosystem, has halted the planned distribution of $100 million from its reserve among small UST holders citing litigation concerns.
The organization announced the news in a Friday tweet, noting that they...
The Coorest Carbon Standard Now Officially Certified
4.10.2022
PRESS RELEASE. Coorest, a Polygon-native project, is the first blockchain project to have a certified standard for carbon compensation entirely on-chain — allowing anyone with an internet connection to compensate for their carbon footprint, thereby demonstrating that the newly certified...
SEC Orders Crypto Firm to Pay Harmed Investors $35 Million — Charges Influencer Ian Balina
20.9.2022
The U.S. Securities and Exchange Commission (SEC) has ordered crypto firm Sparkster and its CEO to pay $35 million into a fund for distribution to harmed investors. The securities regulator also charged crypto influencer Ian Balina for promoting crypto tokens without disclosing compensation...
Web3 Workplace Platform Coordinape Launches Decentralized Compensation Tool for DAOs
25.8.2022
Coordinape’s new tool, CoVaults, uses smart contracts to automate compensation for contributors to the decentralized workspace. CoVaults are self-custody smart contracts that enable teams to fund and pay contributors on-chain with any ERC-20 token
MEXC Activated the “Investor Protection Fund” in Response to the Dragoma (DMA) Incident and Launched the “Potion” Airdrop Compensation Benefits
12.8.2022
A few days ago, the Polygon Network ecosystem project Dragoma (DMA) experienced abnormal price fluctuations after its listing on MEXC, as it fell sharply from 0.85USDT. MEXC immediately suspended DMA/USDT trading on August 8th due to abnormal on-chain transactions. It is understood that although...
Why Athletes Are Taking Compensation in Bitcoin
29.7.2022
From UFC to soccer, sportspeople continue to see the attraction of BTC, despite the faltering market. This piece is part of CoinDesk's "Sports Week."
Compass Mining Cuts 15% of Staff, Lowers Executive Compensation
7.7.2022
Compass Mining is reassessing its priorities after growing too quickly, the company said in a statement
Coordinape Is Decentralizing Compensation Decision-Making
5.7.2022
“The future of labor needs to be able to break out of the top-down rigid, hierarchical structures we’re familiar with from the corporate world,” says Coordinape co-founder Tracheopteryx
Let’s Put EA CEO’s $20 Million Payout In Context
17.6.2022
The CEO of Madden maker Electronic Arts is set to rake in $19.8 million in total compensation for his company’s strong performance in 2021. That’s about half of what it was for 2020 after EA’s Board of Directors cracked down on exorbitant bonuses in the face of shareholder backlash, but still...
CZ Says Binance Supports Proposal to Compensate LUNA Retail Users First
16.5.2022
Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million investment in Terra have not been sold or moved. Binance’s LUNA Tokens...
Luna Foundation Says Nearly Entire Bitcoin Stack Spent, Promises Compensation to UST Users
16.5.2022
The Luna Foundation Guard (LFG), the entity whose task was to maintain the stability of the terraUSD (UST) peg, said it spent nearly all of its bitcoin (BTC) held in reserves to defend UST’s dollar peg as it collapsed. But from what is left, users of the failed stablecoin will be compensated...
Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power
27.1.2022
The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity....
Hong Kong NFT project Monkey Kingdom loses $1.3M in phishing hack, launches compensation fund
22.12.2021
The exploited nonfungible token project is looking to make things right before the holidays with the help of a compensation fund
Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms
16.12.2021
A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests....