🎉 Gate Square — Share Your Funniest Crypto Moments & Win a $100 Joy Fund!
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Whether it’s a liquidation tragedy, FOMO madness, or a hilarious miss—you name it.
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3⃣️ Any format works: memes, screenshots, short videos, personal stories, fails, chaos—bring it on.
📌 Notes
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A major DeFi protocol just dropped a recovery plan that's getting everyone's attention. After losing over $128 million to hackers earlier this month, they're now proposing to return roughly $8 million in recovered funds to affected users.
The exploit hit hard—draining vaults and leaving countless users scrambling. But here's the twist: investigators managed to claw back a portion of the stolen assets. Now comes the tricky part: how do you fairly distribute what's been recovered when it's only a fraction of what was lost?
The proposal's on the table. Users who got burned in the attack are waiting to see how much they'll actually get back. It's not the full amount anyone hoped for, but in the wild world of DeFi security breaches, any recovery is better than nothing.
This incident adds to the growing list of protocol exploits that have plagued the space this year. The real question: will this push other platforms to beef up their security audits before it's too late?