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Compensation Plan

bOSMO
2026-10-15 23:18:39

bOSMO bug weakens backing as holder compensation plan excludes post-snapshot buyers

A bug in the bOSMO contract has left the asset with little effective backing and prompted a compensation plan for holders, according to TheDefiant. The contract still allows bOSMO to be minted at low cost, a condition that continues to put affected liquidity pools at risk. The reported remediation plan does not cover everyone in the market: bOSMO purchased after the snapshot will not be eligible for compensation. TheDefiant’s article summary indicates the issue remains active at the contract level, even as a holder reimbursement framework has been proposed. No additional details on the size of losses, the timing of the snapshot, or the mechanics of the compensation plan were provided in the available source text.

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bOSMO bug weakens backing as holder compensation plan excludes post-snapshot buyers
OKX
2026-09-22 10:42:05

OKX launches Shield protection plan in Europe with coverage up to €500,000

OKX said it has rolled out the OKX Shield protection plan in Europe, introducing what it described as a new benchmark for crypto user protection in the region. Under the plan, eligible users can receive compensation of up to €100,000. For VIP users, the maximum payout rises to €500,000. The announcement was cited by Techub News and attributed to OKX. The company said the program offers industry-leading protection measures and framed the launch as setting a new standard for crypto protection in Europe. No additional details on eligibility, scope, or claims procedures were disclosed in the brief announcement.

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OKX launches Shield protection plan in Europe with coverage up to €500,000
GANA Foundati
2026-08-23 16:34:28

Eiden Liu launches personal compensation plan after GANA Foundation exit

Eiden Liu said he has left the original GANA Foundation and will launch a compensation plan in his personal capacity after the foundation withdrew, according to a BlockBeats flash update on Aug. 24. Liu said he will take the related compensation responsibility on his own and aims to work toward 100% repayment. The first phase of the plan is expected to cover about 20,000 addresses. Verification will be carried out step by step based on real on-chain data, and compensation will be distributed in batches. The overall repayment period is currently set at 2 to 3 years. Liu also said that although the foundation has withdrawn, responsibility will not, adding that he will continue to bear the related obligations through concrete action.

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Eiden Liu launches personal compensation plan after GANA Foundation exit
Bithumb
2026-07-02 15:45:14

Bithumb's $44 Billion Bitcoin Blunder: Operational Error Triggers Market Plunge and Regulatory Probe

South Korean crypto exchange Bithumb mistakenly distributed 620,000 Bitcoin (worth approximately $44 billion) to users during a promotional event, causing a 17% price slump on the platform. Bithumb recovered 99.7% of the excess coins but still faces $9 million in unrecovered losses, which it will cover with corporate funds. The incident exposed internal system vulnerabilities, prompting South Korea's Financial Services Commission to launch on-site inspections. Bithumb announced compensation: full sale amount plus 10% for those who sold at low prices, 7-day fee waiver, and $15 to active users. The blunder coincides with Bithumb's US IPO plans and an ongoing consumer protection probe into its marketing claims.

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Bithumb's $44 Billion Bitcoin Blunder: Operational Error Triggers Market Plunge and Regulatory Probe