Raydium Releases User Compensation Proposal, Details of Compensation to be Announced in the Future

Raydium has released a proposal for user compensation. Officially, if the exploiter does not intend to return the funds, Raydium will still allocate the necessary funds within its capacity to enable users to be compensated. Options on the specific process/logistics for compensation will come later.

In addition, it has taken time to collect data and get an accurate estimate of the impact of the exploit in order to lay the groundwork for a potential remediation strategy of user funds.

Previously, Raydium announced that it will increase the whitehat bug bounty offered to the exploiter of the protocol, in an attempt to accelerate recovery. If the exploiter returns the stolen funds, Raydium will offer the entire amount of compromised $RAY and 15% of the remaining funds.