Currency Economy

Dev says $31 million Meerkat Finance exploit was a ‘test’; will return funds

Cryptocurrency (Mar 07, 2021 11:40AM ET)

Dev says $31 million Meerkat Finance exploit was a ‘test’; will return funds

There may be good news on the horizon for the victims of one of DeFi’s largest-ever exploits.

At 5:30 AM UTC today, a Meerkat Finance developer identifying themselves as “Jamboo” posted a short message in a newly-created Telegram channel, “Meerkatrefunds.” In it, Jamboo said that the exploit was a “trial” testing user’s greed and “subjectivity,” and that the team was preparing to refund all victims.

Continue Reading on Coin TelegraphDev says $31 million Meerkat Finance exploit was a ‘test’; will return funds 

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