MetronomeDAO: Has recovered most of the stolen funds from the Curve incident and will determine the recovery plan.
2023-08-02 15:43
Odaily News: MetronomeDAO announced that it has successfully recovered most of the stolen funds from the attack on the Curve stablecoin pool and will continue efforts to retrieve the remaining funds.
The next step for MetronomeDAO is to finalize its recovery plan. They have already established a new msETH/WETH pool and have injected initial liquidity, with plans to increase it further in the next 10 days. The recovery plan will include instructions for LPs on how to claim their positions in this new pool.
During the deployment of the new msETH/WETH pool, the project team confirmed that the Metronome mainnet is now operational again. Users can once again manage their Metronome Synth and Smart Farming positions.
According to previous reports, on-chain data shows that the MEV bot with the address c0ffeebabe.eth has returned 955 msETH to the Metronome treasury address.
The next step for MetronomeDAO is to finalize its recovery plan. They have already established a new msETH/WETH pool and have injected initial liquidity, with plans to increase it further in the next 10 days. The recovery plan will include instructions for LPs on how to claim their positions in this new pool.
During the deployment of the new msETH/WETH pool, the project team confirmed that the Metronome mainnet is now operational again. Users can once again manage their Metronome Synth and Smart Farming positions.
According to previous reports, on-chain data shows that the MEV bot with the address c0ffeebabe.eth has returned 955 msETH to the Metronome treasury address.
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