Ostium has released its compensation plan for a previous loss event and will formally open the claims process this Wednesday, according to The Defiant. A total of 3,666 affected wallets are included in the plan. Of those, 3,321 addresses with losses of no more than $1,000 per wallet will be repaid in full, allowing smaller affected users to recover their entire losses. The remaining 345 wallets account for at least 86% of the roughly $23.8 million in total losses. Under Ostium’s plan, those larger-loss wallets can choose between two options: accept a one-time payment of $1,000, or file a pro rata claim for the portion of assets that has not yet been recovered. The company said the compensation channel is scheduled to go live on Wednesday.
Ostium has published its compensation plan for a previous loss event and will formally open the claims channel this Wednesday, according to The Defiant.
A total of 3,666 affected wallets are covered by the arrangement. Among them, 3,321 addresses with losses of no more than $1,000 per wallet will receive full repayment, meaning those smaller claimants can recover all of their losses.
The other 345 wallets account for at least 86% of the roughly $23.8 million in total losses. Under the plan, those larger-loss addresses can choose one of two options: take a one-time payment of $1,000, or submit a pro rata claim for the portion of assets that has not been recovered.
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