Latest response to the equity imbalance issue of DeFi Technologies: 5 brokerages replied, and there were changes in the board of directors.

[Coin World] DeFi Technologies Inc. recently submitted an update report to regulators regarding the equity imbalance issue first exposed in August of this year. The company brought in the ShareIntel team for shareholder data analysis, and the investigation revealed an interesting phenomenon: there are persistent discrepancies in the equity data reported by some brokerages to settlement intermediaries such as DTC and CDS.

The company subsequently took the initiative to contact 14 brokerages to try to understand the ins and outs of this issue. So far, 5 brokerages have responded, and their explanations boil down to two: first, the time difference caused by the settlement period, and second, the impact of securities lending activities. The management of DeFi Technologies believes that although these differences exist, they have not materially affected the voting resolutions of this year's shareholders' meeting.

It is worth noting that director Stefan Hascoet has resigned from his position, which is an important change in the company's governance recently. From the overall event, publicly listed companies in the DeFi sector are beginning to communicate more actively with various market participants in response to the refined requirements of equity management, which is also a signal for the standardized development of the industry.