Approximately 20% to 30% of the funds on MetaVault were affected due to the attack incident causing CrediX's account loss on X. Stability DAO is coordinating to rectify and compensate.
Stability DAO, along with Sonic Labs and related protocols, is working hard to trace the attack team, preparing a compensation plan expected to be implemented within the next two weeks, and MetaVault is expected to reopen next week.
MAIN CONTENT
20-30% of the MetaVault fund was affected in the CrediX account loss incident on X.
Stability DAO collaborates with Sonic Labs to track down the attacker and recover assets.
The compensation plan for users is expected to be implemented within two weeks, and MetaVault will reopen next week.
How did Stability DAO respond to the CrediX incident?
Stability DAO quickly responded to reports that approximately 20% to 30% of the MetaVault fund on the platform was affected according to information from Decrypt.
They are closely coordinating with Sonic Labs and other affected protocols to analyze and prepare a detailed report on the attack group in hopes of recovering the lost funds. This action demonstrates Stability DAO's responsibility and expertise in handling systemic risks.
The quick collaboration with technical partners and transparent announcements regarding remedial measures are fundamental factors in protecting user rights during cryptocurrency security incidents.
Analysis from Blockchain experts, 2024
How is Stability DAO building the compensation plan?
Currently, Stability DAO is developing a compensation and recovery plan for the victims affected by the incident.
This plan is expected to be finalized and implemented as soon as within the next two weeks, demonstrating the organization's commitment to protecting users and maintaining the reputation of the DeFi ecosystem. The goal is to help limit financial risks and restore the community's trust.
When will MetaVault be operational again and what new features will it have?
MetaVault is expected to reopen next week with more detailed information to be announced at that time.
Before the incident, Stability DAO collaborated and integrated with CrediX to create opportunities for increased revenue for the platform. The reopening of MetaVault promises to be improved after the incident to enhance safety and operational efficiency.
This event is a valuable lesson for DeFi protocols to enhance security and transparency in fund management while increasing collaboration to quickly restore the platform.
Insights from DeFi experts, 2024
Frequently Asked Questions
How did the CrediX account loss incident affect MetaVault?
When will the compensation plan for users be implemented?
Stability DAO plans to begin implementing the compensation plan within the next two weeks.
When will MetaVault be operational again?
MetaVault will reopen next week with more detailed information to be announced.
What has Stability DAO done to prevent similar incidents?
This unit collaborates with technical partners and implements recovery plans to enhance security and trust for the system.
What was the collaboration between Stability DAO and CrediX like before?
The two parties had integrated the platform, creating additional revenue opportunities for users before the incident.
Source: https://tintucbitcoin.com/stability-dao-sap-bao-cao-khoi-phuc-quy/
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