Crypto CEO Begs Users To Return Money After He Mistakenly Sends $90 Million
CRYPTO CEO – The founder of “Compound” is pleading with users after he mistakenly sends them $90 million due to a bug.
If you’re in the crypto space, you’ve probably heard of the term “airdrops”. Basically, airdrops occur when you join an event or use a platform of a crypto company. Afterward, you’d be rewarded with certain tokens.
However, some users were left in utter shock after randomly receiving massive amounts of the “COMP” token. Furthermore, according to an article from Unilad, one of the users received $29 million worth of tokens. But, how did this happen?
Robert Leshner, the CEO of “Compound” was working on an update to his platform. Unfortunately, the recent update had a bug that distributed 280,000 COMP among users.
Luckily, Leshner said that users could keep 10% of the COMP tokens they received as a white hat. Moreover, he warned that if users kept the tokens, it would be reported as income to the IRS requiring some to pay massive amounts of money.
“If you received a large, incorrect amount of COMP from the Compound protocol error: Please return it to the Compound Timelock (0x6d903f6003cca6255D85CcA4D3B5E5146dC33925). Keep 10% as a white-hat. Otherwise, it’s being reported as income to the IRS, and most of you are doxxed.”, said Leshner on his official Twitter account.
With the current tax system in the United States, the user that received $29 million needs to pay $14 million in taxes. Meanwhile, others said that the free airdrop could pay for the tax by itself.
Additionally, some netizens said that the CEO’s approach of threatening to dox (reveal the identity/address) of certain users was not the right approach.
What do you think about this? Leave your comments below.
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