Crypto Investor Plans Compensation for SAT1 Token Losses
A prominent investor on the X platform has announced plans to compensate users who incurred losses from SAT1 token transactions. According to Odaily, the investor clarified that they only participated in purchasing SAT1 tokens and did not engage in selling activities, currently maintaining a break-even position. The investor intends to sell all SAT1 tokens, distributing the proceeds of 35 ETH to users who experienced losses. The snapshot for compensation will be taken between block numbers 25047577 and 25055551. Compensation will be allocated based on a formula considering the amount and percentage of loss, excluding users with losses under 30%. The investor also stated that they will retire from the platform after completing the compensation process.
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