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.
Fantom pays $1.7 million in rewards to security personnel, preventing $170 million in potential losses
After a cryptocurrency wallet belonging to the Fantom Foundation was hacked last month, the foundation paid a reward of $1.7 million to a security researcher who remains anonymous. The researcher alerted the foundation that the compromised wallet held dormant management tokens for Fantom's FTM token contract. If the hackers had discovered the management tokens in the wallet, they could have minted 1 million FTM tokens directly on the Ethereum network. With FTM trading at $0.17 at the time of the hack, the potential loss for the Fantom Foundation was estimated at $170 million.
