To recompense victims of the attack, Cream said it will issue to certain affected members 1.45 million CREAM tokens from the service’s treasury. While Cream has 9 million coins outstanding, per CoinMarketCap, only 150,000 of those are in circulation. By so rapidly expanding the supply of coins in circulation, it’s bound to affect demand and therefore the per-coin … [Read more...] about Cream Plunges on News That Hack Compensation Will Inflate Token Supply
Compensation
DeFi platform ‘bEarn Fi’ promises 105% compensation after $10 million hack, but is it the right thing?
Cross-chain decentralized finance (DeFi) yield farming platform bEarn Fi fell victim to an exploit in its smart contract on Sunday, allowing a malicious user to siphon $10.85 million worth of Binance USD (BUSD) stablecoins from one of its vaults.“Dear community, we have been hard at work investigating the situation. We have published details regarding the Alpaca BUSD exploit … [Read more...] about DeFi platform ‘bEarn Fi’ promises 105% compensation after $10 million hack, but is it the right thing?
Reeling from post-hack price slump, Easyfi reveals community compensation plan
After a devastating hack, a cross-chain decentralized finance (DeFi) protocol has revealed today a temporary compensation plan for token holders and investors impacted by one of the largest exploits in DeFi history. In a Tweet today, EasyFi announced their “Interim Compensation Plan,” a multi-stage process that includes immediate payments, IOU tokens, and incentive programs … [Read more...] about Reeling from post-hack price slump, Easyfi reveals community compensation plan