On November 13, Chiliz founder Alexandre Dreyful tweeted the announcement of the decision to allocate 38 million CHZ to a public address, and individual users holding CHZ on FTX can receive compensation up to $10,000.
This program does not apply to institutions and requires full legal review and liquidator approval to complete the user compensation list.
As mentioned in an earlier Coincu News article, late on Friday, over $600 million in crypto disappeared from the wallet of defunct crypto company FTX for no apparent reason given.
According to the announcement 37 million CHZ tokens were stolen in this hack.
Currently the crash of FTX is too big a loss for the crypto market. Once a mainstay in the industry, this incident has caused massive damage to a wide range of crypto institutions, funds and companies involved, and user funds are still locked on the platform.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
CoinCu News
Majuro, Marshall Islands, May 15th, 2024, ChainwireMultipool, a leading innovator in the blockchain and cryptocurrency…
Despite a recent drop, GME calls targeted massive gains with $100 and $128, as per…
ETH/BTC ratio crashes to a low of 0.046, last seen in April 2021. Ethereum's position…
DOJ charges brothers Anton and James Peraire-Bueno for a $25 million Ethereum blockchain attack.
Van Buren Capital's Scott Johnsson suggests spot Ethereum ETF rejections may precede SEC's May 23…
The dydx Foundation has recently disclosed a pivotal update on its official blog, revealing the…
This website uses cookies.
