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PSA: If you were threatened by the Compound CEO, do NOT return that money.

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by COINS NEWS 211 Views

TLDR; Don't return the money, sue him into the stone ages if he doxxes you. Relevant US Code and case on bottom of page.

Background info: The Compound protocol recently released $80m+ in funds after it's engineers negligence caused them to overlook a bug. In response to this, the CEO, on his own personal twitter account, threatened to doxx users if they did not return the money.

In legal terms, this is called coercion, which is not only illegal, it is a felony. This idiot publicly, acting as the head of his company and on his personal twitter, stated his intent to commit a felony with malicious intent. Not only should you not return that money, you should see if he attempts this and once he does, sue him back into his mother's womb.

His company offers him no protection, he made these threats under his own personal twitter account which directly places him in the crossroads of a lawsuit if he tries anything. Don't be afraid of his threats; If he tries anything, you will be walking away with an even larger airdrop, this time out of his own personal vault.

This money is legally yours. By all law and legal definition, this money is yours and any threats from the company to obtain it are what? Illegal

Citi Bank Case Law from similar incident

Citi Bank had a similar situation happen to them. They filed an appeal in court and it was ruled that those who received the money were the legal owners and that they were entitled to keep the funds.

Citi Bank Court Ruling

" The Clerk of Court is therefore directed to enter judgment in favor of Defendants and to close this case. "

FTC Ruling on receiving unpurchased merchandise

The FTC has ruled that when one receives unpurchased merchandise, the recipient is entitled to keeping it.

FTC Merchandise Ruling

Whether you want to apple the Citi case or the FTC Ruling on merchandise law, every rule in the book states that users are the rightful owners. Seeing as Crypto is classified as property, FTC rules are the closest. In practice, law often treats Crypto as money so the Citi case then applies. In either case, users who received the COMP are the rightful owners period.

39 U.S. Code Β§ 3009 - Mailing of unordered merchandise

U.S. Code states that receipt of unpurchased merchandise results in the recipient becoming it's legal owner.

US Code

submitted by /u/TheQuatum
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