Hi. I am resident in the UK. I had a crypto investment with a project that got exploited with a flash loan. We all lost a lot in value (about 90%). My first question is that: how to register this a capital loss? If there is no taxable event (such as selling the coin), can the 90% loss still be showing up as a capital loss somewhere?
Next question is that the team is offering a compensation and for 90 days I have some free CAKE and other crypto dropping in my wallet free of charge. I do not feel I should paying tax on this - they are compensating me for a 90% loss of my asset with them.
Hence, how to tag this in Koinly? How to tell Koinly that I would not want to be taxed for this (if such a taxation can be avoided - could be that UK law still want to tax me irregardless of it being a compensation reward)