The users who are impacted by the loss can associate their affected wallet with the official grant interface.
An earlier update mentioned that payout amounts depend on average on-chain prices observed from 10:00 am to 2:00 pm UTC at the time of the incident.
A DeFi platform on the BTC Network, Alex Protocol, has introduced a Treasury Grant Program to reimburse users impacted by the latest hack that led to more than $8 million in losses.
On June 8, the platform’s announcement mentioned that the program will offer financial backing via a combination of actual tokens and USDC equivalents, which depends on which type of asset is lost.
The users who are impacted by the loss can associate their affected wallet to the official grant interface, review their particular compensation offer, and sign an authentication message to accept the terms and conditions.
On June 6, Alex Protocol was hacked, which targeted various liquidity pools on the platform. The platform verifi
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