• Sentiment liquidity protocol announces 100% reimbursement for users.
• A hacker stole $1.09M worth of USDC, USDT, FRAX, and Ethereum tokens.
• However, 90% of the funds have been returned after negotiations.

In an exciting turn of events, the Sentiment liquidity protocol has announced today on Twitter that users affected by a recent exploit in the protocol will be reimbursed 100% of their lost funds.  

Notably, the fund recovery was facilitated by a group of independent contributors, with Sherlock covering $49,275.77 in USDC and an additional $16,425.26 pending from Nexus Mutual, bringing the total insured amount to $65,701.03.

Additionally, the Sentiment team negotiated the return of 90% of the funds misappropriated from the hacker. The team also decided to use internal treasury to provide the difference of the recovered funds to make users whole.

On April 4, 2023, the Sentiment protocol s…

The post Sentiment Protocol to Reimburse Users 100% of Funds Lost to Exploit appeared first on Coin Edition.

• Sentiment liquidity protocol announces 100% reimbursement for users.
• A hacker stole $1.09M worth of USDC, USDT, FRAX, and Ethereum tokens.
• However, 90% of the funds have been returned after negotiations.

In an exciting turn of events, the Sentiment liquidity protocol has announced today on Twitter that users affected by a recent exploit in the protocol will be reimbursed 100% of their lost funds.  

Notably, the fund recovery was facilitated by a group of independent contributors, with Sherlock covering $49,275.77 in USDC and an additional $16,425.26 pending from Nexus Mutual, bringing the total insured amount to $65,701.03.

Additionally, the Sentiment team negotiated the return of 90% of the funds misappropriated from the hacker. The team also decided to use internal treasury to provide the difference of the recovered funds to make users whole.

On April 4, 2023, the Sentiment protocol s…

The post Sentiment Protocol to Reimburse Users 100% of Funds Lost to Exploit appeared first on Coin Edition.