In response to the Discord attack on June 1, Orbiter Finance has announced a compensation scheme.
Orbiter Finance Responds to Discord Attack
The Layer 2 cross-chain bridge Orbiter Finance has committed to providing compensation for users affected by this security breach.
The Compensation Scheme: A Three-Tier Approach
Orbiter Finance’s compensation scheme is divided into three categories based on the extent of user losses. The platform has pledged to fully compensate losses of $1,000 or less, demonstrating its commitment to its user base.
Claiming Compensation: A 48-Hour Window
Users can submit compensation claims starting at 7:30 UTC on July 5, with a 48-hour application window. As part of the claim process, users must include a signed notification to confirm their address ownership.
The June 1 Discord Attack: A Recap
On June 1, malicious actors gained access to the Orbiter Finance Discord server and uploaded a link to a fake airdrop application. The attack was first revealed by CertiK Alert, a blockchain security and analytics company.
Orbiter Finance’s Commitment to Security
Orbiter Finance has acknowledged the attack and emphasized its commitment to reclaiming control of its Discord server. The project has warned its members not to believe any information on its Discord server and has taken steps to ensure the security of its official Twitter account.
About orbiter finance
Orbiter Finance is a platform designed to facilitate seamless and secure transactions across different blockchain networks by leveraging advanced technology and innovative solutions, Orbiter Finance aims to address the challenges of interoperability and scalability in the blockchain space.
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