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Why Crypto Acquisitions Increasingly Exclude Tokens, Sparking Community Outcry

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**News Flash:** Crypto acquisitions are increasingly sidelining token holders, fueling backlash from the community. Circle’s recent buyout of Interop Labs, the Axelar Network’s original developer, excluded the token and network, which remain operational. Similar moves by Kraken, Pump.fun, and Coinbase have left token holders with minimal or no compensation. Legal and economic rights for token holders remain unclear, unlike traditional shareholders. Aave Labs’ latest governance proposal aims to define these rights, reflecting rising tensions between teams and communities.
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