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Learning & News => News related to Crypto => Topic started by: Dociko on March 09, 2021, 09:13:57 AM

Title: Furucombo to issue iouCOMBO tokens to repay victims of $15M exploit
Post by: Dociko on March 09, 2021, 09:13:57 AM

Hacked DeFi service Furucombo will issue "iou" tokens as part of its compensation plan to repay 22 affected users.

Decentralized finance transaction combination tool Furucombo will compensate the victims of a recent “evil contract” exploit that cost the protocol $15 million in stolen funds.

Following an internal call with affected users last week, Furucombo released a compensation plan Tuesday, announcing that they will issue 5 million iouCOMBO tokens to the victims of the breach. Issued in the form of ERC-20 tokens, iouCOMBO tokens will represent the rights to claim Furucombo’s COMBO tokens in the recovery pool.

Source:  Cointelegraph

 (https://cointelegraph.com/news/furucombo-to-issue-ioucombo-tokens-to-repay-victims-of-15m-attack)