CRYPTOCURRENCY
Understanding Token Compensation: A Comprehensive Guide
Explore how tokens fit into compensation strategies, with insights on structuring grants, vesting schedules, and tax considerations.
FTX Unveils Billions Repayment Plan to Compensate Creditors
FTX has announced a repayment plan to repay creditors and compensate for time value of investments, but valuation concerns remain over its effectiveness.
Dragonfly Crypto Compensation Report Unveils Industry Salary and Token Trends
Dragonfly’s 2023 Crypto Compensation Report unveils key trends in salary, equity, and token packages across the crypto industry.
AI's Mainstream Impact and Workforce Dynamics in 2023
2023 was a transformative year for the workforce, marked by AI becoming mainstream, changes in job roles and hiring processes, the rise of hybrid work models, the decline of corporate jargon, and notable increases in job interview compensation.
Atomicals Market Addresses Security Breach and Announces Compensation Measures
Atomicals Market has implemented measures to restore user trust and enhance platform security following a significant security breach, emphasizing community engagement's crucial role in protocol's future.
Huobi HTX Responds to Recent Hack, Ensures Full Compensation for Affected Users
Huobi HTX pledges to compensate users affected by a $30 million hack, ensuring minimal impact and enhanced security measures, as part of a series of attacks on Justin Sun's entities.
Platypus Recovers 90% of Stolen Funds from Recent Exploit
Platypus DeFi protocol has recovered 90% of the funds stolen in the recent 12 October 2023 exploit, reducing the net loss to about 18,000 AVAX. The protocol acknowledged the community's support in swiftly resolving the crisis and is making arrangements for the withdrawal of liquidity providers. Amidst ongoing investigations and enhanced security measures, Platypus continues to work on a compensation plan for affected users from previous attacks.
South Korean Crypto Exchanges Reveal 'Compensation Reserve Funds'; Upbit Leads with KRW 20 Billion
The disclosure of 'Compensation Reserve Funds' by South Korean crypto exchanges, led by Upbit with KRW 20 billion, reflects the country's broader regulatory strides aimed at ensuring user protection, transaction transparency, and market discipline. This move aligns with the new regulatory framework set to be implemented in 2024, spotlighting the government's agenda to foster a robust infrastructure for digital assets, with the reserve fund mandate forming a cornerstone of this initiative.
Allbridge Provides Compensation Plan for Hacked Users
Allbridge has posted a recovery plan after being hacked for $573,000 on April 1, stating that users with funds stuck on the token bridge are first in line to receive compensation. Allbridge has already started the compensation process for users despite only recovering part of the funds. The protocol aims to fully compensate those affected by the exploit with funds available to them.
BitKeep Compensates Users After $8M Hack
BitKeep has fully compensated 11,090 users affected by the Dec. 26, 2022, hack that resulted in an estimated $8 million loss. BitKeep will rebrand to Bitget Wallet and have access to Bitget’s $300 million User Protection Fund for future security threats.