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1inch Foundation Steps Up: Compensation Plan Unveiled for Users Hit by October Hack
1inch Foundation Steps Up: Compensation Plan Unveiled for Users Hit by October Hack
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DeFi just got a dose of accountability—or at least damage control. The 1inch Foundation, still reeling from last October's security breach, is finally putting money where its mouth is.
Here's the deal: Users left holding the bag after the hack are getting a compensation roadmap. No vague promises—just cold, hard crypto (or at least as hard as DeFi gets).
Why now? Because in decentralized finance, reputation moves faster than token prices—and 1inch knows trust isn't built on empty GitHub commits.
The irony? This 'decentralized' fix required some good old-fashioned centralized decision-making. But hey, when your users' funds vanish faster than a yield farmer's profits, you make exceptions.
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By:
http://decrypt.co/326012/1inch-foundation-proposes-user-compensation-plan
