Currency Economy

Furucombo to issue iouCOMBO tokens to repay victims of $15M exploit

Cryptocurrency (Mar 10, 2021 05:00AM ET) Furucombo to issue iouCOMBO tokens to repay victims of $15M exploit

Furucombo to issue iouCOMBO tokens to repay victims of $15M exploit

Decentralized finance transaction combination tool Furucombo will compensate the victims of a recent “evil contract” exploit that cost the protocol $15 million in stolen funds.

Following an internal call with affected users last week, Furucombo released a compensation plan Tuesday, announcing that they will issue 5 million iouCOMBO tokens to the victims of the breach. Issued in the form of ERC-20 tokens, iouCOMBO tokens will represent the rights to claim Furucombo’s COMBO tokens in the recovery pool.Source: Furucombo

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