Key Points:
The goal of this discussion is to decide how best to use the available resources to make users whole. A follow-up proposal should go through the specifics of how compensation will be administered, particularly as they relate to third-party protocols affected by this attack.
In addition, it has taken time to collect data and get an accurate estimate of the impact of the exploit in order to lay the groundwork for a potential remediation strategy for user funds.
The platform offers a number of potential proposals to restore operations:
In an effort to hasten recovery, Raydium previously said that it would raise the whitehat bug reward it offers to the protocol’s exploiter. Raydium will provide the whole value of the compromised RAY as well as 15% of the remaining funds if the exploiter returns the stolen money.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.
Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…
Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…
Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…
Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…
SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…
This website uses cookies.