{"id":9803,"date":"2023-09-12T16:09:01","date_gmt":"2023-09-12T06:09:01","guid":{"rendered":"https:\/\/hector.network\/?page_id=9803"},"modified":"2024-02-20T14:21:10","modified_gmt":"2024-02-20T03:21:10","slug":"redemption-update-faq","status":"publish","type":"page","link":"https:\/\/hector.network\/hr\/","title":{"rendered":"REDEMPTION UPDATE &#038; FAQ"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"9803\" class=\"elementor elementor-9803\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4b148e49 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4b148e49\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-11a1848b\" data-id=\"11a1848b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-108ac742 elementor-widget elementor-widget-image\" data-id=\"108ac742\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.0 - 29-03-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"300\" height=\"263\" src=\"https:\/\/hector.network\/wp-content\/uploads\/2023\/09\/Chariot.svg\" class=\"attachment-medium size-medium wp-image-9805\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-14bc15d0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"14bc15d0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-25e1d9aa\" data-id=\"25e1d9aa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4285bb92 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4285bb92\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3b40040c\" data-id=\"3b40040c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f04a7ba\" data-id=\"f04a7ba\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-641c76e6 elementor-widget elementor-widget-heading\" data-id=\"641c76e6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.0 - 29-03-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h4 class=\"elementor-heading-title elementor-size-default\">Last Updated on February 19, 2024.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-b985b86 elementor-widget elementor-widget-text-editor\" data-id=\"b985b86\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.0 - 29-03-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<ol><li style=\"list-style-type: none;\"><p>On 19 February 2024, Mr Drury and Mr Pretlove both of Interpath (BVI) Limited, PO Box 4571, LM Business Centre, Fish Lock Road, Road Town, Tortola, British Virgin Islands, VG1110 were appointed by the Virgin Islands High Court (Commercial Division), Eastern Caribbean Supreme Court as joint and several interim receivers (the Receivers) over all of the assets held by or on behalf of Hector DAO, including the assets held within wallet 0xdCad10a8E82fe4e90Cb69B1757C2d612745CD1C9 (the Treasury Assets), with immediate effect, for the purpose of collecting in and preserving such assets.<br \/><br \/>It is intended that the Receivers will liquidate and distribute the Treasury Assets to HEC Tokenholders, to give effect to HIP 42. Before they are able to do so, their appointment will need to be confirmed by the BVI courts on a final basis. In the interim, the tokens will be safeguarded for the benefit of all HEC Tokenholders and the Treasury Assets have been transferred into a dedicated wallet for that purpose.<\/p><p>The duty of the Receivers is to act in respect of the interests of the HEC Tokenholders collectively and the Receivers and will be seeking to create an open and transparent dialogue with the community in order to take safe custody of the Treasury Assets in the first instance as officers of the Court. Ultimately, it is intended that the Receivers will provide clear details as to a collective distribution process and strategy as well as conducting investigations into the recent hacks that need to be undertaken with a view to effecting asset recoveries for the benefit of Tokenholders.<\/p><p>The Receivers have control of the communication channels of Hector Network and will provide more information as to the next steps and how Tokenholders can contact the Receivers to discuss any concerns and all aspects of their appointment.<\/p><p>The Receivers are mindful of the time that has passed since HIP 42 was put to vote and will take such steps as they are able without delay.<\/p><\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Last Updated on February 19, 2024. On 19 February 2024, Mr Drury and Mr Pretlove both of Interpath (BVI) Limited, PO Box 4571, LM Business Centre, Fish Lock Road, Road Town, Tortola, British Virgin Islands, VG1110 were appointed by the Virgin Islands High Court (Commercial Division), Eastern Caribbean Supreme Court as joint and several interim [&hellip;]<\/p>","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"_links":{"self":[{"href":"https:\/\/hector.network\/hr\/wp-json\/wp\/v2\/pages\/9803"}],"collection":[{"href":"https:\/\/hector.network\/hr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/hector.network\/hr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/hector.network\/hr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hector.network\/hr\/wp-json\/wp\/v2\/comments?post=9803"}],"version-history":[{"count":52,"href":"https:\/\/hector.network\/hr\/wp-json\/wp\/v2\/pages\/9803\/revisions"}],"predecessor-version":[{"id":10109,"href":"https:\/\/hector.network\/hr\/wp-json\/wp\/v2\/pages\/9803\/revisions\/10109"}],"wp:attachment":[{"href":"https:\/\/hector.network\/hr\/wp-json\/wp\/v2\/media?parent=9803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}