FatMan

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)

@FatManTerra do you have a deal to receive extra compensation or other benefits as lead plaintiff? if so, you should disclose that this sounds like a terrible structure to me, and one that is unlikely to do anything other than enrich lawyers