Mango intends to make token compensation based on the snapshot of the balance one hour before the attack

According to The Block, the DeFi protocol Mango launched a community motion to repay users with different tokens. The amount that users can receive will be based on a snapshot of their balance one hour before the attack (6:19, October 12, Beijing time). The difference between the tokens users have before the exploit and the tokens they will receive will be minimized, all perpetual futures or borrowed funds will be settled according to the snapshot time, and the profit and loss (PNL) will be converted to USDC, which will be calculated according to Examines each token in its vault in order from least to largest, and repays the borrowed amount in that order. Once a proposal is published, the DAO will have 72 hours to vote on the proposal. Foresight News previously reported that Mango had received $67 million in assets returned from the attackers and was researching algorithms and a separate program to reallocate the funds.