compensation

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29 May 23

Temasek reduces compensation for staff responsible for botched FTX investment

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Singapore-based investment firm, Temasek Holdings, has cut down the compensation of its executives responsible for the failed investment in the now-bankrupt crypto exchange, FTX. Temasek disappointed in failed FTX investment Lim Boon Heng, the chairman of Temasek Holdings, said the firm would reduce […]

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09 May 23

Core Scientific challenges Celsius Network’s $4.7m compensation claim

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Core Scientific, a bankrupt bitcoin miner, is protesting against the payment of $4.7 million in executive compensation filed by crypto lending platform Celsius Network. The latest development has resulted in a contractual battle between the two companies. In a Texas bankruptcy […]

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04 Apr 23

Korea seizes $150m as compensation in Terra case

Korean authorities have seized over $150 million from people suspected of making unfair gains from Terraform labs. After the dramatic fall of Terra last year, regulators have been working hard to compensate those who lost. Based on reports, the prosecution recently seized around KRW 210 billion ($151 million) from people tied to Terraform labs. According […]

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20 Mar 23

Gala sues pNetwork demanding $28m compensation

Gala Games, the company behind the GameFi project, revealed on March 20 that it had just initiated legal action against pNetwork, demanding $28 million from them. Gala used this cross-chain interoperability bridge on the BNB Smart Chain. The case was initiated due to a million-dollar scam that reportedly took place in November 2022 due to […]