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25 sats \ 1 reply \ @thebtctoto 28 Nov 2022
$362k in settlement...am i reading that right? Seems like the lawyers for both Krakem and the treasury probably got paid a lot more than that...what a waste 😔
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25 sats \ 0 replies \ @TonyGiorgio 28 Nov 2022
Probably, but IP controls are bullshit hand wavy compliance gotchas. I don't think they are typically large fees but they are trending higher and higher. For instance, Bitgo was hit with them a few years ago and only paid $100k.
Edit: and you can't discount the behind close doors handshakes made either
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