The EOS Network Foundation urges the EOS community to reject the $22 million settlement agreement with Block.one

ChainCatcher message, the EOS Network Foundation urges the EOS community to reject the Block.one settlement agreement, as it believes the proposed settlement with Block.one is not in the best interest of the EOS network and the entire EOS community. The settlement proposal fails to adequately compensate community members for the losses suffered due to Block.one's false statements and misconduct, infringing on the collective members' rights to seek fair and just claims resolutions in the future.

It is reported that Block.one raised $4 billion from the community during the ICO sale, and Block.one had promised to invest $1 billion into the EOS network and community, but did not fulfill that promise. According to the terms of the settlement agreement, community members who join the settlement will not be able to make any claims against Block.one and its founders in the future, and Block.one will pay $22 million. The deadline to opt-out is August 29, 2023, and if community members fail to opt-out by this date, they may be automatically included in the class action lawsuit.