According to @alice_und_bob, taking roughly half of compensation in vesting tokens created a corporate tax liability because token compensation is treated as company revenue, while the tokens could not be sold to build cash reserves (source: @alice_und_bob on X, Dec 5, 2025). The author states year 2 tax obligations were estimated off stronger year 1 revenue, with corporate taxes for both years due in September of year 2, just as the token price fell 70 percent (source: @alice_und_bob on X, Dec 5, 2025). As a result, the author reports being unable to meet tax payments either by selling tokens or using cash, creating acute liquidity stress and potential insolvency next year (source: @alice_und_bob on X, Dec 5, 2025). The author adds they are still exploring whether token losses can offset year 2 earnings, underscoring how vesting restrictions and tax timing can decouple liabilities from market liquidity, heightening downside and credit risk for token-funded operators (source: @alice_und_bob on X, Dec 5, 2025). For traders, this case highlights tax-driven overhang risks around vesting schedules and filing deadlines when token prices decline sharply, amplifying sell pressure and counterparty risk in crypto markets (source: @alice_und_bob on X, Dec 5, 2025).