🚨 Radiant DAO Plans to Pay Back Users After $8.9M Hack 💸
Here’s the latest update for users affected by the hack! 🛠️
Radiant DAO has announced a plan to pay back people who lost money in a security breach 🔓 that happened on October 16, 2024. The hack targeted users on Arbitrum 🌐 and BNB Chain ⛓️, stealing $7.7 million in 2024 and another $1.2 million in early 2025 (total $8.9M 💰). Here’s the plan in simple terms:
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### What’s Happening? 📢
- 💻 Money Back via Smart Contract: Radiant will create a special system (on Arbitrum) to return funds. Users will get money based on how much they lost📉.
- 🔄 Stolen Tokens Converted: All stolen crypto (like ETH, BNB) will be swapped into one stablecoin 💵 (e.g., USDT) using prices from the time of the hack.
- ❌ Small Losses Ignored: If you lost less than $1, you won’t get paid back.
### Important Notes 🚩
1. 🥇 Priority for Earlier Hack Victims: People hurt by a past hack (RFP-47 proposal) will get paid first.
2. 🔍 Recovered Funds?: If stolen crypto is ever found, it’ll be split fairly among all victims.
3. ⏳ Timing: Refunds will take years to finish. You can check progress on a special website 🌐.
4. ⚠️ Risk Alert: The plan depends on partners donating money. If they don’t help, refunds could slow down or stop 🛑.
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### What Should You Do? 📋
- 👀 Wait for Updates: Radiant DAO will share instructions soon. Follow their official channels 📢.
- 🚫 Avoid Scams: Don’t trust anyone asking for your private keys 🔑 or wallet access 🚨.
This plan is a big step to fix trust, but success depends on teamwork 🤝.
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