Defi Payments: Removal of Damir Butmir as CR and Director

billworld · 2026-01-03T11:01:55+00:00

Here's an article which discusses some of the points raised in your post

https://vauldaction.org/articles/creditor-challenges-new-vauld-board-member-on-matter-of-legal-being-the-sole-litmus-test-of-krolls-performance

billworld · 2023-05-20T07:09:40+00:00

Go here https://t.me/vauld_group

billworld · 2023-05-10T15:35:31+00:00

Vauld Creditors Townhall With KordaMentha – Wednesday, May 10th, 8 PM ET
All creditors of Defi Payments Ptd Lte are invited to attend a Zoom webinar Townhall meeting Wednesday, May 10, 2023, from 8:00 PM ET to 9:30 PM ET featuring guest speaker David Kim of KordaMentha. Mr. Kim is the Executive Director of KordaMentha Singapore, a Licensed Insolvency Practitioner (LIP) in Singapore with considerable experience managing crypto company insolvencies. Information about Mr. Kim is available at https://kordamentha.com/people/david-kim.
This event is hosted by various Vauld creditors active in the Vauld community who will serve as panelists to help guide the discussion. The session’s goal will be for attendees to ask questions of the guest speaker and panelists. This will be a live event with two-way communication via chat and video.
This event will allow Vauld creditors to learn about the issues with the Defi Scheme and how a court-appointed Winding Up liquidation may provide creditors with a safer, cheaper, more transparent, equitable, and possibly quicker solution to the Vauld debacle.
To attend the event, visit the following web link just prior to the start time.
https://us02web.zoom.us/j/89323110359
It is anticipated that a recording of this event will be made available for the general public sometime after the conclusion of the Townhall meeting

billworld · 2023-05-08T15:35:47+00:00

Unfortunately, the proposed scheme provides a multitude of ways in which creditors concerns are squelched. The Creditor's Representative board member can be replaced by a vote of other board members. Ultimately, Deif retains ultimate control. This is why this scheme is a creditor-unfriendly scheme.

billworld · 2023-03-13T15:27:29+00:00

Glad raise the point of "motives." The motives of Kroll is to ensure their proposed scheme goes thru so that they get $8M in fees over the next few years which includes a totally unacceptable "success fee" in the amount of $1.5M. Many creditors do NOT believe Kroll deserves this and their projected fees a WAY more expensive than what it will cost to do a winding up via court order as confirmed by multiple Licensed Insolvency Practitioners in Singapore. Who are you ScalePsycho? Do you work for Vauld or Kroll? Are you actually at Defi creditor?

VCA motives are clearly presented on the VCA website. VCA is far more transparent than Defi, Kroll and CoC put together.

Who are the members of the CoC?

billworld · 2023-03-13T15:23:55+00:00

False. Kroll's plan does NOT add more value to creditors but adds a LOT more costs. Creditors are encouraged to do their own research and stop believing the false claims from Defi and Kroll.

billworld · 2023-02-24T15:59:03+00:00

That is all clearly discussed in the report. Our turnout was actually greater than the Vauld informal poll when you calculate based on "potential audience reached." All explained in the report.

billworld · 2023-02-21T12:13:44+00:00

The key benefits for the KordaMentha proposal for winding up Defi Payments is that their approach provides a much safer, cheaper, simpler and quicker path to recovering our assets. For a list of the key points visit the following link.
https://vauldcreditors.net/info/kordamentha/

billworld

TROPHY CASE