Instead of advocating about how potent my business knowledge is why don't you find out how the company was funded and how much of personal money Mohit Kalra and Samuel poured into the startup. And they barely raised a few crores in each of their seed funding rounds - both public and private. FYI, 1 crore = $154000
Speaking of Mohit Karla,do you know what's his annual networth ? Trust me whatever loses he is paying "from his own pocket" is not even 0.5% from his total net-worth.
Now my information might be outdated and may be incorrect. But my comment about them funding this out of their own pocket is stemming from a simple fact, Benson's own admission of having poured in a few crores of his own savings into Bitcoin early on.
I'm simply saying that even if the company doesn't have enough funds in their coffer to refund every customer, the founders themselves can fund it all from their own pockets.
Founders can definitely fund the entire amount from their pockets considering how rich Mohit Karla is.My point is,pay what people actually lost and not just try to look nice by paying something.
Nope, not aware. Care to share the source of this information?
I'm not able to find the proper links as this was way back in 206.Here's the link :
https://yourstory.com/2016/04/coinsecure-funding/