Major Update: EOS Network Foundation Opposes Block.one Settlement, Urges Community Caution

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The EOS Network Foundation has recently issued a significant statement, strongly advising members of the EOS ecosystem to exercise caution regarding Block.one’s proposed $22 million settlement. The Foundation believes that this settlement agreement may not adequately protect the interests of the community. Notably, community members must decide by the critical deadline of August 29, 2023, whether to opt out of the settlement. The Foundation specifically warns that if members remain silent before the deadline, they will be automatically included in the class action settlement. This event once again highlights the importance of robust decision-making mechanisms in decentralized community governance.

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