🚨💸 Scandal at Terra! Terraform Labs CEO Chris Amani Seizes $8 Million As Investors Mourn Their Losses! 😱
Chris Amani, the boss of Terraform Labs, got his hands on the colossal sum of 8 million dollars despite the collapse of the Terra ecosystem. Despite the company's high-profile bankruptcy in January, Amani pocketed $4.47 million from the Key Employee Retention Plan Awards, in addition to $3.67 million in salaries, bonuses and other benefits. Total: almost 8 million dollars in his pockets! 🤯💰
While the crypto community was devastated by the collapse of TerraUSD and the fall of LUNA, eliminating over $40 billion from the market in 2022, Amani failed to reimburse the victims. Instead, he prioritized his own gains. The criticism was quick: “It’s absolutely revolting, I hope that these funds will be recovered by the judicial administrators.” — denounced FatManTerra on X (formerly Twitter).
Ray Raspberry, advisor to Turkey DAO, confirmed that $4.47 million of the $6.77 million in Key Employee Retention Plan Awards was kept by Amani, in addition to his salary and other benefits. The retention funds were supposed to keep key employees after bankruptcy.
Despite this major crisis, the Terra Classic community continues to demonstrate impressive resilience, with positive signs and a recent rise in the price of LUNC providing a glimmer of hope. Meanwhile, Terraform Labs is shedding key assets as the August 9 bankruptcy deadline approaches.
Don't miss this incredible story and follow the developments of this saga!
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