Settlement Offer NOT accepted & Proposed Counter Offer

Notice to Other Funded Persons under clause 3.17 of JPB Liberty Conflicts Management Policy (CMP)

The settlement offers made by the Respondents have NOT been accepted.

A Court date of 14 August 2024 has been set for the hearing of the Applicant's applications for a No Adverse Cost Order under s 82(4) of the Competition and Consumer Act 2010 (Cth) and the Applicant's application for leave to appeal the judgement staying the case.

See details of appeal here.

Counter Settlement Offer

The Applicant, Andrew Hamilton, proposes to make a counter-offer of settlement to the Respondents in the following general terms:

The Applicant and JPB Liberty Pty Ltd will take the actions and provide the undertakings set out the Respondents' Offers in return for:

• the Respondents removing all restrictions on cryptocurrency advertising on their platforms that exceed those required by law in each jurisdiction.
• the Respondents paying US$100 million into a compensation fund for the losses of the Applicant and Other Funded Persons from the Respondent's Ad Ban.
• all parties bearing their own costs.

Pursuant to clause 3.17 of the CMP, where at least 30 Other Funded Persons indicate they want external legal advice on whether this settlement offer should be be made, JPB Liberty will appoint lawyers to advise the applicant on this.

"Other Funded Persons" means those people (around 660) that have signed up to the Crypto Class Action by executing JPB Liberty's Litigation Funding Agreement.

JPB Liberty will allow one week, until 25 June 2024 for at least 30 Other Funded Persons to indicate whether they want external legal advice on whether this offer should be made.