DYdX Community to Decide on $462K Compensation After Network Outage
The decentralized trading platform dYdX is set to vote on a new proposal that would authorize a $462,000 payout to traders affected by a recent network outage. The vote, led by the dYdX governance community, comes after a significant disruption that halted operations and caused unexpected liquidation losses for several users. On October 10, the […]
Mt. Gox to Finally Commence Repayments in Cash to Creditors
According to an email sent to claimants this week, Mt. Gox is gearing up to start compensating creditors after prolonged delays. For the benefit of creditors of the now-defunct Bitcoin exchange Mt. Gox, the rehabilitation trustee has officially announced that cash payouts would begin in 2023. This choice, which was sent to the creditors via […]
FTX to give phishing victims ‘one-time’ compensation
Cryptocurrency exchange FTX has stated that it will give a one time $6 million in compensation to those who lost money as a result of a phishing scam on the accounts of some FTX users. Sam Bankman-Fried, the founder and CEO of FTX, stated in a Twitter thread on October 23 that although the exchange […]