Stock Market | FinancialContent Business Page
financialcontent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialcontent.com Daily Mail and Mail on Sunday newspapers.
Gen Z Is Rewriting the Rules for Personal Finance in Real Time That s Good, Right?
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
A DeFi project will pay back users $10 million in Ethereum that was recently stolen egraffeo@businessinsider.com (Emily Graffeo) © REUTERS / Samantha Sais REUTERS / Samantha Sais
DeFi project Rari Capital said it will pay back users after nearly $10 million in Ether was stolen in an attack on Friday.
Rari s CEO wrote in a blog post that the DeFi project will reimburse users using funds that were initially meant to scale the Rari team.
Rari Capital said it will pay back users who lost funds when about $10 million in ether was drained from the decentralized finance project s liquidity pool.
On Friday Rari s ether pool was attacked and approximately 2,600 ether, worth around $10 million at the time, was stolen. The loss equated to 60% of all users funds in the Rari Capital Ethereum Pool, according to a blog post from David Lucid, Rari s lead developer.