Hector Network Votes to Liquidate $16M Treasury Following Multichain, Fantom Losses

hector network votes to liquidate 16m treasury following multichain fantom losses

Hector now plans to redistribute the proceeds of its treasury to HEC holders proportionally and based on their positions as of July 14. The final amount distributed could be lower than $16 million, as “all contractual, statutory and other legal obligations, including costs of the liquidation, must be fully settled” first, according to the plan.

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