Script3 retweeted
To those affected by the Comet BLND-USDC incident:
The first round of remediation has been distributed; funds the white hats recovered.
25,214,717.71 BLND and 201,805.65 USDC were paid to 510 recipients, based proportionally on positions just before the exploit on 25 August at 03:50 UTC.
For accounts that could not receive the assets directly, a claimable balance has been created.
Script3 retweeted
For communication and updates, we're active in the Blend Discord
If you have any questions or need to reach us, feel free to connect with us there!
To those affected by the Comet BLND-USDC incident:
Remediation efforts will now be led by Zenith Protocols with guidance from Script3 to support them in becoming more involved contributors to the Blend protocol.
Please follow @ZenithProtocols for updates and information regarding remediation.
Any updates will be shared here as well.
Script3 retweeted
Clarity: Blend backstops are comprised of Comet BLND-USDC LP shares, so backstop depositors are impacted.
More information willl be provided soon.
Script3 retweeted
There is an ongoing incident with the BLND-USDC liquidity pool on Comet.
There is no issue with Blend contracts and funds deposited into Blend pools are not at risk.
