Clipper DEX Announces 80%+ Refunds for Exploit Victims
Clipper DEX Announces 80%+ Refunds for Exploit Victims
💰 Refunds With a Twist
Clipper DEX has announced key updates following recent security challenges:
- Refund Plan: A financing solution will provide 80%+ refunds to affected users within 8 weeks
- Security Upgrades: Protocol fortification implemented with temporary feature limitations
- Infrastructure Changes: Simplified 2-asset pools introduced for more intuitive liquidity provision
- Performance: Arbitrum LTIPP campaign boosted TVL by $780K, with 60% retention post-incentives
- New Features: Enhanced dashboards launched for detailed trade insights and LP performance tracking
L2 pools have resumed operations on Polygon PoS, Polygon zkEVM, Arbitrum, and Mantle networks with strengthened security measures.
Ahoy, Clipper crew! 🏴☠️ As we set sail into 2025, here's a quick recap of the key updates from 2024 that shaped Clipper's evolution. 🌊
Clipper DEX Refund Update
Clipper DEX has released a comprehensive list of affected wallets and their corresponding refund amounts in ETH following a recent security incident. - Affected users can verify their refund amounts via this [spreadsheet](https://docs.google.com/spreadsheets/d/1Ljdkb50uTfwd0psc2IGyW6DiiBxFp3qP2Ee9hmgUZUI/edit?gid=0) - Initial refunds were processed on October 15th through two main transactions on Etherscan - Support tickets available for users who notice discrepancies Users are encouraged to review their allocated amounts and contact support if they identify any issues.
Clipper DEX Secures Financing Deal for 80%+ Refund Following Exploit
Following an October exploit, Clipper DEX has secured a financing agreement that will enable refunds of 80% or more to affected users. This marks significant progress from the initial 40% repayment achieved in November. - Refund processing expected within 8 weeks - Final amounts and precise timeline pending confirmation - Partnership with trusted ally enables higher repayment rate *Note: Figures are preliminary and subject to adjustment.* The team emphasizes transparency and will provide additional details as they become available.
Post-Exploit Recovery Update
Following a recent security incident, several key recovery measures have been implemented: - Zeroshadow forensics team engaged for investigation - Law enforcement coordination established - Bounty program launched for resolution assistance The team is exploring funding options for refunds, though holiday timing may affect progress. Recovery efforts continue with a focus on balancing transparency and strategic considerations. *Updates will be provided as the situation develops.*
Clipper Mainnet Pool Relaunch Update
Clipper plans to relaunch its mainnet pool early next week with temporary safety measures following the December 1st exploit incident. Key measures include: - Temporary restriction on single-asset deposits/withdrawals - 24-hour lock period for new deposits The mainnet pool and other high-TVL pools remained secure during the recent incident that affected Optimism and Base networks (~$457,878 loss). Previous security measures implemented: - Emergency protocols activation - API endpoints disabled - Circuit-breaker logic fixes The team continues to prioritize security while working towards gradually removing restrictions as conditions stabilize.