Raydium Releases User Compensation Proposal, Details of Compensation to be Announced in the Future

Raydium has released a proposal for user compensation. Officially, if the exploiter does not intend to return the funds, Raydium will still allocate the necessary funds within its capacity to enable users to be compensated. Options on the specific process/logistics for compensation will come later.

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 of user funds.

Previously, Raydium announced that it will increase the whitehat bug bounty offered to the exploiter of the protocol, in an attempt to accelerate recovery. If the exploiter returns the stolen funds, Raydium will offer the entire amount of compromised $RAY and 15% of the remaining funds.

Source

DEX

Solana

In This Article

Related News
Hyperliquid sees record outflows following North Korea hack concerns Hyperliquid sees record outflows following North Korea hack concerns
Chainalysis expands Solana coverage to include Pump.fun memecoins Chainalysis expands Solana coverage to include Pump.fun memecoins
Hyperliquid's HYPE surpasses Aave in market cap, claims nearly half of decentralized perpetual swaps volume Hyperliquid's HYPE surpasses Aave in market cap, claims nearly half of decentralized perpetual swaps volume
Hyperliquid plans to launch HYPE token in Nov. 29 'genesis event' Hyperliquid plans to launch HYPE token in Nov. 29 'genesis event'
Solana climbs above $200, bitcoin hits new high amid extended post-election rally Solana climbs above $200, bitcoin hits new high amid extended post-election rally
Latest News More More
2 Days Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
2 Days Ago Fetch.ai launches $10M accelerator for AI agent startups
3 Days Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
3 Days Ago Polkadot-based Phala Network launches Ethereum Layer 2 rollup
4 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open