What does the community feel about a massive decentralized legal fund war chest (raised by issuing governance tokens) to help UST victims seek restitution against TFL via a class action filed in Singapore? Token holders vote on major decisions and are rewarded if the case wins.
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Give me your thoughts and opinions! This is an avenue we are absolutely considering due to popular demand and I want to hear what you think. (The main reason is normal litigation financing wants 4x to 10x their legal costs while this would only be 1.5x to 2x.)
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Replying to @FatManTerra
Where would the money come from if we won? It seems like it would have to be personal accounts of ppl like DK and other employees who got rich working there. Am I misunderstanding that TFL and TFG has virtually no money?
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It's likely that TFL employees cashed out large amounts of personal wealth from LUNA that can be clawed back into the estate - money can also be clawed back from VCs or exchanges if the transactions happened too close to the insolvency
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