1inch Foundation proposes user compensation plan following October hack

The 1inch Foundation has proposed a compensation plan to reimburse 768,026 USDC to victims affected by a hack in October 2024. Victims are required to undergo KYC verification and report their losses to law enforcement.

The current voting results show 53.47% support and 46.53% against the proposal, which will remain open until June 22, 2025. Victims will also need to waive their rights to any future recovered funds in exchange for the compensation.

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