Ellipsis zBNB-BNB LP Exploit Update:. Hello Everyone,. We're here with an update on the Ellipsis exploit situation.
21 Aug 2023, 21:36
Ellipsis zBNB-BNB LP Exploit Update:
Hello Everyone,
We're here with an update on the Ellipsis exploit situation. Following our previous communication, we've successfully reached an agreement with one of the arbitrageurs. They have returned 80% of their profits, totaling $24,000. The plans are for this amount to be reimbursed directly among all zBNB-BNB LP providers.
The next step involves distributing these funds to the LP providers and we propose to distribute them on a pro rata basis based on the number of LP tokens held. We've identified a list of 29 addresses from the blockchain that held LP tokens just before the exploit. You can find the full list here.
Assuming everyone is in agreement and the addresses are confirmed, we aim to execute this distribution next Monday.
While this is a step in the right direction, there is still work to be done and we will keep you updated on any further developments in the investigation. Our ongoing efforts are dedicated to achieving the best possible outcome for the LP providers, the community, and the protocol.
Thank you and we hope to hear your feedback.
Always forward,
Horizon Protocol Team
Same news in other sources
2Horizon ProtocolHZN #1452
21 Aug 2023, 21:47
To find the full list with the addresses, ask any questions or provide feedback, please join our Community on Telegram:
To find the full list with the addresses, ask any questions or provide feedback, please join our Community on Telegram:.
To find the full list with the addresses, ask any questions or provide feedback, please join our Community on Telegram:
Horizon ProtocolHZN #1452
21 Aug 2023, 21:42
Ellipsis zBNB-BNB LP Exploit Update:
Hello Everyone,
We're here with an update on the Ellipsis exploit situation. Following our previous communication, we've successfully reached an agreement with one of the arbitrageurs. They have returned 80% of their profits, totaling $24,000. The plans are for this amount to be reimbursed directly among all zBNB-BNB LP providers.
The next step involves distributing these funds to the LP providers and we propose to distribute them on a pro rata basis based on the number of LP tokens held. We've identified a list of 29 addresses from the blockchain that held LP tokens just before the exploit.
Assuming everyone is in agreement and the addresses are confirmed, we aim to execute this distribution next Monday.
While this is a step in the right direction, there is still work to be done and we will keep you updated on any further developments in the investigation. Our ongoing efforts are dedicated to achieving the best possible outcome for the LP providers, the community, and the protocol.
Thank you and we hope to hear your feedback.
Always forward,
Horizon Protocol Team
Ellipsis zBNB-BNB LP Exploit Update:. Hello Everyone,. We're here with an update on the Ellipsis exploit situation.
Ellipsis zBNB-BNB LP Exploit Update:
Hello Everyone,
We're here with an update on the Ellipsis exploit situation. Following our previous communication, we've successfully reached an agreement with one of the arbitrageurs. They have returned 80% of their profits, totaling $24,000. The plans are for this amount to be reimbursed directly among all zBNB-BNB LP providers.
The next step involves distributing these funds to the LP providers and we propose to distribute them on a pro rata basis based on the number of LP tokens held. We've identified a list of 29 addresses from the blockchain that held LP tokens just before the exploit.
Assuming everyone is in agreement and the addresses are confirmed, we aim to execute this distribution next Monday.
While this is a step in the right direction, there is still work to be done and we will keep you updated on any further developments in the investigation. Our ongoing efforts are dedicated to achieving the best possible outcome for the LP providers, the community, and the protocol.
Thank you and we hope to hear your feedback.
Always forward,
Horizon Protocol Team