Hundred Finance is a lending protocol that was exploited in April 2023 for around $7 million, and in March for over $6 million. Since then, they’ve worked with law enforcement and security contractors to recover the funds, but “imminent return of the stolen assets does not appear to be forthcoming.”
The project undertook a vote to shut down the lending service, and use remaining funds in the project treasury to try to compensate those who lost funds in the attack. The project also aims to distribute to victims of the hack claims on any funds that might be returned or otherwise recovered in the future.
The vote passed with 99% of votes in support, effectively sunsetting the project.
-
“April 2023 Exploit Response Vote”
, Snapshot
