Following October Security Breach, 1inch Foundation Puts Forth User Reimbursement Strategy

In the wake of the security incident that transpired last October, the 1inch Foundation has publicly stated its proposed program to provide reparations to impacted users. This endeavor aims to regain user confidence and reinforce the security of the platform. The strategy encompasses details pertaining to the method of determining which users are eligible for reparations, in addition to the procedures followed for dispersing said reparations. Through this initiative, the Foundation aims to underscore its commitment to the defense of its users and their data, and it views this strategy as one component of wider attempts to improve cybersecurity measures moving forward. Further specifics concerning the strategy will be announced in the coming weeks, and the Foundation invites users to monitor formal updates to obtain the most current details.