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Культовый журнал о биткоине, технологии блокчейн и цифровой экономике. forklog hub Площадка для общения криптосообщества. Соединяем компании и пользователей.

#Compensation

Financial or other forms of recompense for loss or injury.

Garantex Pledges to Compensate Clients for Frozen Crypto Assets
ForkLog 10 11.03.2025

Garantex Pledges to Compensate Clients for Frozen Crypto Assets

The exchange Garantex has announced the commencement of negotiations with users regarding the compensation of assets frozen at the behest of Tether. This was stated in a press release provided to ForkLog. Representatives of the platform declared that “despite the unprecedented nature of the situation, the company does not shirk its obligations to its users.” […]
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SEC's Intent to Challenge FTX Creditor Payments Sparks Outrage
ForkLog 6 02.09.2024

SEC’s Intent to Challenge FTX Creditor Payments Sparks Outrage

On August 30, the SEC informed the U.S. Bankruptcy Court in Delaware of its intention to challenge payments to creditors of the defunct cryptocurrency exchange FTX, which are denominated in stablecoins. The relevant document has been published on the restructuring agent Kroll’s website. Source: Kroll. The latest proposed liquidation plan for FTX includes settling creditor […]
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JPMorgan Assesses Impact of Mt.Gox Bitcoin Sales
ForkLog 16 27.06.2024

JPMorgan Assesses Impact of Mt.Gox Bitcoin Sales

In July, creditors of Mt.Gox are likely to sell a portion of the returned bitcoins, which will exert pressure on the market, according to analysts at JPMorgan, reports The Block. On June 24, Bitcoin fell below $60,000 following the trustee of the collapsed exchange’s announcement of plans to begin compensation payments in July. The bankruptcy […]
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DMM Bitcoin to Raise $350 Million for Hack Victim Compensation
ForkLog 9 05.06.2024

DMM Bitcoin to Raise $350 Million for Hack Victim Compensation

The Japanese cryptocurrency exchange DMM Bitcoin has unveiled plans to compensate users for losses incurred from the theft of 4502.9 BTC at the end of May. According to the statement, the platform intends to reimburse clients by purchasing an equivalent amount of bitcoin with financial backing from DMM Group companies. On June 3, the exchange […]
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Bybit to Compensate $26 Million Over Notcoin Listing Issues
ForkLog 15 31.05.2024

Bybit to Compensate $26 Million Over Notcoin Listing Issues

The cryptocurrency exchange Bybit has devised a compensation plan for users affected by the delay in Notcoin deposits on the listing day, May 16. Due to communication and technical issues, clients received tokens late and were unable to sell them immediately. Compensation plan for yesterday affected NOTcoin airdrop Bybit users: 30 $MNT Airdrop, $50 trading […]
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Gemini Earn Users to Recover $2.18 Billion in Assets
ForkLog 79 30.05.2024

Gemini Earn Users to Recover $2.18 Billion in Assets

Users of Gemini Earn will receive a full return of assets totaling $2.18 billion, over a year after the program’s closure due to the bankruptcy of Genesis. This was announced in a blog post by the exchange. The funds will be distributed in kind, meaning in the cryptocurrencies that were originally locked on the platform […]
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K33 Highlights Bullish Potential of FTX Payouts
ForkLog 22 16.05.2024

K33 Highlights Bullish Potential of FTX Payouts

Payouts in fiat to FTX creditors could trigger positive “buyer pressure” in the cryptocurrency market, according to a report by K33 Research. Under the proposed plan by the exchange, the total payout value will range from $14.5 billion to $16.3 billion. Analysts believe these funds are likely to create a “bullish overhang.” “Not all creditor […]
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FTX Creditors Criticise New Compensation Plan
ForkLog 16 09.05.2024

FTX Creditors Criticise New Compensation Plan

Sunil Kavuri, a representative of the largest group of FTX creditors, has opposed the exchange’s compensation plan, arguing it limits recipients’ options and absolves certain accused parties of responsibility. FTX Plan Takeaways1) Sullivan and Cromwell included exculpation clause so they + no one involved sued for misconduct2) S&C puppet John Ray in charge with no […]
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NFL Star to Compensate Voyager Clients with $1.9 Million
ForkLog 11 08.05.2024

NFL Star to Compensate Voyager Clients with $1.9 Million

Former NFL player Rob “Gronk” Gronkowski will pay $1.9 million to settle claims from former clients of the crypto lender Voyager Digital. According to a settlement agreement pending court approval, the athlete will contribute this amount to a total pool of $2.42 million. The remaining funds will be provided by NBA player Victor Oladipo and […]
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FTX Proposes 118% Return to Creditors
ForkLog 14 08.05.2024

FTX Proposes 118% Return to Creditors

The collapsed exchange FTX has proposed a new compensation plan, under which 98% of creditors will receive at least 118% of their claims within 60 days of court approval. The remaining platform clients will receive 100% reimbursement of funds. “The plan will allow disputes with public and private stakeholders to be resolved without costly and […]
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Mt.Gox Confirms Client Addresses for Compensation
ForkLog 11 23.01.2024

Mt.Gox Confirms Client Addresses for Compensation

Reddit users reported receiving emails from the defunct exchange Mt.Gox, in which the administration confirmed cryptocurrency wallet addresses for compensation purposes. The correspondence was directed at clients of Kraken and Bitstamp, who were required to provide their addresses to receive payments in Bitcoin and Bitcoin Cash (BCH). According to the email, centralized exchanges will act […]
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Mt.Gox creditors begin receiving payments
ForkLog 4 26.12.2023

Mt.Gox creditors begin receiving payments

Mt.Gox, the Bitcoin exchange that collapsed nearly ten years ago, has begun paying funds to some creditors.
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