Thanks for the Bitfinex example! That looks much better, although I still think we should do more analysis of their case, e.g. what their revenue stream is compare to Perp (Finex regularly has 500m days … in a bear market … for spot trading). Also it seems they have some/all of the funds already, maybe?
In response to the New York attorney general’s claim the company had lost the $850 million, Bitfinex responded that the funds had in fact been locked up on a payments platform called Crypto Capital.
In today’s announcement, the firm said any funds recovered from Crypto Capital would be used to buy and burn LEO tokens, as would an amount worth “at least 80% of recovered net funds” from its 2016 hack of cryptos worth $80 million at the time.
Given this proposal seems like it would benefit from further analysis and preparation, maybe we should let proposal 863 proceed first and come back to this proposal if there’s interest from the community?