{"id":42218,"date":"2021-05-10T19:22:06","date_gmt":"2021-05-10T16:22:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42218"},"modified":"2025-08-30T22:13:47","modified_gmt":"2025-08-30T19:13:47","slug":"rari-capital-to-compensate-victims-of-hacker-attack","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/rari-capital-to-compensate-victims-of-hacker-attack\/","title":{"rendered":"Rari Capital to compensate victims of hacker attack"},"content":{"rendered":"<p>Rari Capital founder Jai Bhavnani [Jai Bhavnani] announced compensation for users affected by the <a href=\"https:\/\/u1f987.com\/en\/news\/defi-project-rari-capital-lost-about-11-million-in-a-hack\">hacker attack on May 8<\/a>. This is stated in <a href=\"https:\/\/medium.com\/rari-capital\/looking-forward-at-rari-capital-a8349225120e\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u043f\u0443\u0431\u043b\u0438\u043a\u0430\u0446\u0438\u0438<\/a> on Medium.<\/p>\n<p><!--more--><\/p>\n<p>According to Bhavnani, the protocol lost 2,600 ETH (~$10.6 million at current rates). The project will transfer RGT tokens from the developers&#8217; incentive fund to the benefit of the decentralized autonomous organization.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAll protocol participants decided to return these 2 million RGT back to the DAO with a request to use the tokens to reimburse lost funds and reward those who helped,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>Given that at the time of writing RGT was trading at about $11.61, this equates to roughly $23.2 million. The token distribution plan remains to be approved.<\/p>\n<p>Bhavnani stressed that Rari did not raise funds from venture investors. The project intends to forgo the team and hand over the protocol&#8217;s development to the community.<\/p>\n<p>Earlier in April, the DeFi protocol Force DAO <a href=\"https:\/\/u1f987.com\/en\/news\/defi-project-force-dao-attacked-after-launch\">was attacked by hackers<\/a> just hours after launch.<\/p>\n<p>In February 2021, hackers <a href=\"https:\/\/u1f987.com\/en\/news\/defi-project-furucombo-hacked-for-14-million\">hacked the DeFi project Furucombo<\/a>. The damage amounted to about $14 million in Ethereum and ERC-20 tokens.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rari Capital founder Jai Bhavnani announced compensation for users affected by the hacker attack on May 8.<\/p>\n","protected":false},"author":1,"featured_media":42219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1093],"class_list":["post-42218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42218"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42218\/revisions"}],"predecessor-version":[{"id":42220,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42218\/revisions\/42220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42219"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}