1inch Introduces Compensation Plan for October Exploit Victims
The 1inch Foundation has announced a robust plan to reimburse victims of the October 2024 exploit, proposing a total payout of $768,026 in USDC. This initiative demonstrates a commitment to maintaining trust within the crypto community. Users affected by the exploit will receive direct compensation following a thorough assessment.
The Foundation’s prompt response showcases the importance of security and user welfare in the rapidly evolving landscape of decentralized finance. Monitoring this situation will be essential to understand its impact on the broader market.