Clipper DEX Secures Financing Deal for 80%+ Refund Following Exploit
Clipper DEX Secures Financing Deal for 80%+ Refund Following Exploit
💰 The Refund Plot Thickens
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.
🚨 Refund Update: Setting Sail Toward Recovery 🚨 Ahoy, Clipper crew! 🏴☠️ We’ve charted a promising course to address the recent exploit: ⚓ A creative financing deal has been secured with a trusted ally, paving the way for refunds of 80%+ to impacted users—potentially even
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 Announces 80%+ Refunds for Exploit Victims
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.
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.