Metaplanet Faces Investor Backlash Over Executive Bonuses

Metaplanet has defended its controversial management compensation program amid criticism from investors and industry insiders.

The company, which operates a decentralized finance (DeFi) platform, has come under fire for its decision to pay out millions of dollars in bonuses to senior executives despite the firm's financial struggles.

In an effort to address concerns, Metaplanet's management team has released a statement assuring investors that the compensation program is 'fair and reasonable' and necessary to attract top talent to the company.