Base project RocketSwap has shared an emergency plan with users as it looks to recover from a brute force hack that saw the protocol lose around 471 ETH, valued at around $865,000, on the 14th of August.
The team behind the project also plans on reaching out to the hacker.
The Emergency Plan
The team at RocketSwap explained in a post on X on the 15th of August, stating that they planned to redeploy a new farm contract, following which it would be open-sourced on-chain. The team stated that they would also be relinquishing mining rights, mostly of RCKT, and also reach out to the hackers in an attempt to negotiate a return of the stolen assets, This approach was taken by Curve, and several other decentralized protocols following the Curve exploit.
“The emergency programme agreed upon by the team is as follows. We plan to redeploy a new farm contract by dropping the proxy contract and open-sourcing it on-chain. The new farm will advance the production reduction plan by 0.075 per
We współpracy z: https://cryptodaily.co.uk/2023/08/rocketswap-outlines-emergency-plan-following-865000-exploit
