Steaker, a Taiwanese digital asset management platform that lost approximately US$10.67 million in cryptocurrency due to the bankruptcy of FTX, announced today (24th) evening that the company has reached an acquisition agreement with National Standard Capital Asia (NSCA) Group. Although the equity has changed hands, the founder and CEO Wilson Huang will continue to stay on and announced that he will continue to take legal action against FTX to fight for the rights of users.
The announcement stated: "NSCA will also be committed to assisting Steaker in properly handling matters related to the FTX incident and affected users. Steaker will hire an international law firm to represent Steaker in claiming compensation from FTX in accordance with relevant laws and regulations, and assist Steaker in handling the FTX incident. Matters affecting the protection of Steaker users' rights and interests. Steaker is currently working with the team to launch the SAFU compensation mechanism and related plans to minimize Steaker user losses. Details and related procedures will be announced separately. "
At the same time, Steaker said that with the support of NSCA Group and investors, it will "work hard to develop new business." As for the progress of legal action against FTX and the compensation details for customers, it has not been mentioned in the announcement.
This article Steaker is acquired by NSCA Group, founder Wilson will stay on and continue to take legal action against FTX. First appeared on Blockchain.