Outrage as Terraform Labs CEO Receives $8 Million While Investors Suffer
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- Terraform Labs’ CEO Chris Amani pocketed $8 million from the company.
- Amani kept $4.47 million of the $6.7 million in “Key Employee Retention Plan Awards.”
- Amani was paid $3.669 million in salaries, sign-on bonus, and other benefits.
Chris Amani, the chief executive of Terraform Labs, the firm behind the rise and collapse of the Terra ecosystem, received $8 million from the bankrupt company that had filed for bankruptcy in January.
As crypto and finance researcher FatManTerra noted in a post on social media platform X (formerly Twitter), Amani has not compensated those affected by the implosion of the Terra ecosystem, but instead directed the money to himself.
“Absolutely disgusting, hope this is all clawed back by the trustees.”
In another X post, Ray Raspberry, an advisor for Turkey DAO, confirmed that Amani kept $4.47 million of the $6.778 million in “Key Employee Retention Plan Awards.” These funds were part of the bankruptcy strategy aimed at retaining essential employees of the collapsed firm.
The post Outrage as Terraform Labs CEO Receives $8 Million While Investors Suffer appeared first on Coin Edition.
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