The creators of the protocol claim that the hack was destructive for the project. Indexed Finance developers plan to discuss with the community the issue of compensation for losses
The hacker hacked the Indexed Finance DeFi project and removed about $ 16 million worth of cryptocurrency from its liquidity pools. The developers of the project believe that the attacker used a vulnerability in the rebalancing mechanism. The creators of Indexed Finance argue that the hack was devastating to the project.
In the near future, the developers of the project plan to discuss with the community the issue of compensation for losses to affected users, as well as consult with the protocols that have already been cracked.
Last month, hackers hacked the DeFi project Vee Finance, which runs on the Avalanche blockchain, and stole $ 35 million worth of cryptocurrency at the time of the hack.