MakerDAO Users Hosed by March Flash Crash Won’t Get MKR Payouts, Say MKR Whales

MakerDAO will not compensate victims of March 12’s “Black Thursday” flash crash that left some of the decentralized finance (DeFi) platform’s investors out $8.33 million, according to a vote that closed Tuesday. Nearly six months later and the community – represented by current holders of Maker’s MKR governance tokens – concluded a final vote to give zero compensation for lost funds.

Investors have since lobbied the community for partial compensation denominated in the platform’s MKR governance token. Litigation against the Maker Foundation in the form of a class-action lawsuit continues regardless of the vote’s outcome, said Adam S. Heder, the Harris Berne Christensen LLP attorney representing MakerDAO’s Black Thursday investors.

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