Raft: A recovery plan is being developed to compensate for the losses, and a new secure version will be released

ChainCatcher message, stablecoin project Raft has released an update on the attack incident, stating that it is formulating a comprehensive recovery plan to compensate users affected by the incident. Raft will release a detailed recovery plan in the coming week.

The current version of Raft will be phased out, and Raft DAO will launch a brand new, more secure version.

Earlier today, Raft was attacked, resulting in a loss of approximately $3.3 million. The attacker stole 1577 ETH during this attack and then sent 1570 ETH to a burn address, destroying most of the stolen assets, leaving only 7 ETH for themselves. As a result of the attack, RAFT dropped to $0.0052, with a 24-hour decline of 25%; the stablecoin R also depegged, briefly dropping 50% and suspending minting.