Post
Topic
Board Exchanges
Re: Poloniex Fair Fund notice
by
ltcrstrbrt
on 29/11/2024, 20:05:11 UTC
The question is what is happen with the remaining funds...hope I m not wrong but I read somewhere that those funds will be  distributed among eligible claimants ...again, hope Im not wrong...
I think I've read somewhere that aside from interest (thanks for the explanations FairFundEnjoyer and Qutays... turns out the math is much simpler than I expected; it was just late last night and I forgot about the total fund size, but with that in mind, it's pretty obvious), we can not expect more than our personal claim's amount if there is any residual money. I fed my local Quivr installation with the court documents and when I asked it this very question, it more or less confirmed that and it said that getting paid more is generally unlikely because the purpose is to make harmed users whole again, not to turn in a profit. Leftover money normally goes back to the treasury.

But keep in mind that this information comes from an AI, and while it sounds like it makes sense, it can just as well be wrong, generally or in this particular case.
Yeahh I thing that reasonable interest it could be a little bit more than we expect ....  anyway, they have 10 days to distribute the funds... still no email from them...