Socket: 100% compensation will be provided to users affected by the Bungee hacking incident

The cross-chain interoperability protocol Socket announced a customer compensation plan for hacker attacks and will provide 100% compensation to all affected users. It is reported that Bungee, a bridge aggregator developed by Socket, was attacked by hackers last week, resulting in a loss of approximately US$3.3 million. After statistics, Socket stated that the incident affected a total of 232 users and involved 5 types of assets. Earlier this week, Socket had recovered 1,032 ETH, worth approximately US$2.2 million. In order to fully compensate for user losses, Socket itself will also spend US$1.1 million in compensation.