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Rari Capital allocates $26M from developer fund to compensate hack victims

Published 05/10/2021, 12:18 AM
Updated 05/10/2021, 04:40 PM
Rari Capital allocates $26M from developer fund to compensate hack victims
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Following a $10 million exploit over the weekend, decentralized finance protocol Rari Capital is formulating a plan to compensate victims.

According to an official postmortem of the attack published on Sunday, the platform lost 2,600 Ether (ETH), equal to 60% of all users’ funds in its Rari Capital Ethereum Pool (NASDAQ:POOL). Rari automates yield farming by rebalancing users' funds and pools.

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