Raft: A recovery plan is being developed to compensate for losses and a new secure version will be launched

Bitget App

Trade smarter

Cointime2023/11/11 13:42

By:Cointime

Stablecoin project Raft has released an update on the attack event, stating that it is developing a comprehensive recovery plan to compensate users affected by the event. Raft will release detailed recovery plans in the next week.

The current version of Raft will be phased out, and Raft DAO will launch a new, more secure version.

Earlier today, Raft was attacked, with damages amounting to approximately $3.3 million. The attacker stole 1577 ETH in this attack, and then sent 1570 ETH to a burn address, destroying most of the stolen assets, leaving only 7 ETH for themselves. As a result of the attack, RAFT fell to $0.0052, a 25% drop in 24 hours, and the stablecoin R also briefly dropped 50% and paused minting.

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.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Explore a timely comparison of Cardano, Solana, and Unstaked ($UNSD) focusing on real-time utility, price levels, and presale potential. Find out what crypto to invest in for both short-term strategy and long-term value.Cardano Slides Back Into Multi-Year RangeSolana Faces Crucial Test Near Largest Supply ClusterUnstaked Is More Than Hype: A Real Use Case in a Meme-Driven MarketUtility, Timing, and the Case for $UNSD

Coinomedia•2025/04/25 23:55