It would be appreciated to receive an update, especially given that another full year has now passed. Participants in the pool are currently paying $15,000 per month, yet the secondary market price is no longer increasing.
So what is actually going on?
If we are paying $15k per month, it’s reasonable to expect clear information from the law firm handling the claim about its exact status. Is the claim shown on Kroll under “Archblock Cayman” in fact our claim? It is currently listed as “Asserted”; what does that specifically mean in practice?
Additionally, is there any concrete reason why the loan is not being sold at ~120% on the secondary market, if that is still a viable option?
Based on discussions in the forum, this lack of updates does not appear to be limited to the Alameda claim alone. More importantly, there seems to be a contractual obligation to provide timely updates to loan holders. At an absolute minimum, a quarterly update should be standard.
The current situation where users must repeatedly ask or “beg” for basic information reflects a serious lack of transparency and respect toward the people funding this process.