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News Explorer — Fei Protocol Discord Was Not 'Seized' Amid Class-Action Lawsuit, Says Lawyer

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Jul 10, 11:20 pm
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Fei Protocol Discord Was Not 'Seized' Amid Class-Action Lawsuit, Says Lawyer

Contrary to previous reports, the Discord server of DeFi project Fei Labs was not seized by authorities. The notice posted on the server was intended to inform investors affected by the project's shaky launch event two years ago about a multimillion-dollar preliminary settlement reached in a class action lawsuit. Fei Labs clarified that its Tribe DAO and Fei Protocol are no longer under development and urged users to withdraw their funds.

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