Exactly Protocol distributes 1 million EXA tokens to 117 users affected by hack
Exactly Protocol has announced the implementation of a hacker attack compensation plan aimed at addressing financial losses caused by a security vulnerability on August 18, 2023. The project will allocate 1 million EXA tokens to 117 affected users. This allocation represents 10% of the total supply of EXA tokens and 20% of the EXA token supply designated for the community. The ownership of these tokens will begin in June 2024, following a linear vesting schedule of 48 months. Sablier NFTs will serve as compensation vouchers, and if the stolen funds are recovered before June 1, 2024, the value of the NFTs (and EXA compensation) will be adjusted proportionally.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Base sees record 106 TPS as total value locked crosses $10B
Crosschain swaps without bridges: Here’s how it works
Farcaster founder teases Frames v2 ahead of full launch in 2025
Swan Bitcoin sues its lawyers for picking up Tether as client