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EOS Foundation calls on creditors to reject $22M settlement proposed by Block.one

EOS Foundation calls on creditors to reject $22M settlement proposed by Block.one

The EOS Network Foundation (ENF) has called on plaintiffs to reject the $22-million settlement with Block.one, the original seller of EOS, in a class action lawsuit. The ENF argues that the settlement does not adequately compensate community members for losses caused by Block.one’s actions. The foundation also highlights that the settlement amount is a small fraction of the funds raised by Block.one and the false promises made to invest in the EOS network. The ENF urges community members to opt out of the settlement before the August 29 deadline. The ENF recently announced its intention to start legal action against Block.one in late July, with the aim of potentially securing higher compensation for plaintiffs.

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