extract: 2026-02-24-catalini-simple-economics-agi #1407
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@ -28,6 +28,7 @@ FairScale was a Solana-based reputation infrastructure project that raised ~$355
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- **2026-02** — Liquidation proposal passed by narrow margin; 100% treasury liquidation authorized
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- **2026-02** — Liquidation proposer earned ~300% return
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- **2026-02** — [[fairscale-liquidation-proposal]] Passed: 100% treasury liquidation authorized based on revenue misrepresentation; proposer earned ~300% return
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## Revenue Misrepresentation Details
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- **TigerPay:** Claimed ~17K euros/month → community verification found no payment arrangement
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