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Three - proposals made on Snapshot for the DAO would be 'filtered'. This was revealed today, and it confused me - shouldn't DAO holders have a final say on what happens with their donations? Why should an internal group control proposals? (This reminds me of someone...) (8/17)
Over the past few days, they pressured me to release their links to the public ASAP. I was patient and I told them I needed some time to think. I'm glad I did. Due to these new facts, I have decided not to share their link with the public. There were too many red flags. (9/17)
This may sound like bad news, but there's a happy ending to this story that makes it all worth it. My Twitter account receiving this much exposure caught the attention of several high profile law firms and litigation funders from across the world, mostly the US. (10/17)
I believe this case will be historic, and I believe combining our research with legal discovery will lead to the most shocking court battle in all of crypto history. Law firms seem to agree - I am in talks with a select few and we will release more information soon. (11/17)
I am happy to announce that three law firms have offered to commit over $15m (maybe more) to this historic fight for justice - they are looking to fund the case and will collect fees on a contingency basis. This could never have happened without all of you. (12/17)
I'm currently brokering the best deal possible for UST victims within our class of retail investors - right now, the haircut range is expensive (a traditional cut going to lawyers), but optimistically this should come down - I'm verifying claim data and working hard BTS. (13/17)
The best part of all? This action will be free for our class of victims to join. They pay nothing upfront & nothing if we lose - if we win, they are given their UST debt (minus legal fees) straight into their pocket. Contingency, although expensive, is quite neat. (14/17)
In jurisdictions like Singapore where contingency is less prevalent, we are also in touch with litigation funders interested in helping out in a similar manner, and I'm working on ironing out non-predatory terms that best represent victims' interests. (15/17)
Overall, I'm very pleased that things have played out this way. Even though the initial DAO pitched to me did not involve me being on the multisig (of my own volition), once my account became this popular, I realized that a 0.05% risk-of-rug was 0.05% too high. (16/17)
At stakes this high, things need to be watertight, so I'm overjoyed that everything is now moving to a secure structure that's risk-free backed by some of the best legal minds and law firms on the planet. What happens next is going to be really exciting. Stay tuned. (17/17)
amazing stuff. puts a big dent in that “fatman is going to rug the legal fund” narratvie that is making the rounds
Indeed, but people who have been following @FatManTerra since the beginning of this debacle probably have faith in him and wondered where those claims were coming from.
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