Bonzo Finance Labs said users affected by the July 11 oracle attack on Bonzo Lend will receive full reimbursement. The compensation will be calculated based on each user’s position status before the incident took place, according to the company’s statement. Bonzo Finance also said the payout will be backed by a recovery mechanism committed by the Hedera Foundation. The statement addresses the impact of the attack on Bonzo Lend and sets out how affected users will be compensated. No additional details on the reimbursement timetable were disclosed in the brief update.
Bonzo Finance Labs said users affected by the July 11 oracle attack that impacted Bonzo Lend will receive full reimbursement.
According to the statement, the Bonzo Finance Foundation will compensate affected users based on the status of their positions before the incident. The payout will be supported by a recovery mechanism committed by the Hedera Foundation.
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