Stader to Cover 165K $NEAR in Losses Incurred by Liquidity Providers on NearX

Liquid staking protocol Stader announced that it will cover the total of about 165k $NEAR in losses incurred by $NEAR and $NEARX liquidity providers on NearX during the exploit. The about 2.5m $NEAR staked on NearX is safe. In addition, Stader will unstake the staked $NEAR and migrate it to a new contract. Currently, the guidelines on the claim process and detailed implementation plan are being outlined.