And then, something a little unexpected happened: my Twitter account got a lot more followers. I realized at this stage that anything I put out would likely get a lot in donations fairly quickly, so I decided security had to be made far more robust than it currently was. (4/17)
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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)
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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)
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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)
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Fantastic work, well done. I assume legal fees make this worthwhile only if you hold over x amount?
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This seems like a good way to make a bunch of lawyers a lot of money and the community almost nothing. What % of the owed money could possibly be recovered? 10%? 20%? Then the lawyers take half of that
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And your better suggestion is…?
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What about luna holders?
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You are our hope! You are doing something that will go down in the history of mankind, and you will surely succeed
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If the lawsuit is actually won, will investors who are not U.S. users also receive compensation? Don't we need to provide some evidence material?
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One consequence of this is that if yall lose this case, there is legal precedent against restitution for UST holders, and by extension, victims for such similar tragedies in the future.
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