Substantial Headway in Fund Restoration
On March 25th, the project team provided a significant update regarding the ongoing recovery efforts following a recent security incident. A major milestone has been achieved over the last two days, with the successful return of digital assets exceeding $77 million in value.
Phase One Nears Completion, Benefiting Vast Majority
This large-scale redemption operation specifically targeted wallets that held a particular token prior to the incident and met predefined eligibility criteria. The process has been highly effective, already encompassing more than 90% of the users within this designated group. This accomplishment signals the near-completion of the initial phase of the post-incident recovery roadmap.
Roadmap Outlines Next Steps for Broader User Base
The team has outlined the path forward, which includes two concurrent tracks:
- Finalizing Phase One: Efforts are actively continuing to complete the redemption process for the remaining users within the first group, ensuring all eligible parties are addressed promptly.
- Initiating Subsequent Phases: Work has commenced on the next stages of the recovery plan. These stages are designed to address and provide solutions for the remaining affected user cohorts.
This progress demonstrates a committed and structured approach to resolving the situation and safeguarding community interests.