The algorithmic stablecoin protocol Nirvana, previously attacked by security engineers, has opened compensation claims.

CoinVoice recently learned that the Solana ecosystem algorithmic stablecoin protocol Nirvana Finance has announced the opening of compensation claims and will launch Nirvana V2 on December 18 at 2:00, allowing original ANA holders to experience the application in advance.

Previously reported, in July 2022, hacker Shakeeb Ahmed exploited the pricing mechanism of the protocol to steal approximately 3.5 million dollars worth of stablecoins. After collaborating with the U.S. Department of Justice, Department of Homeland Security, and IRS, Nirvana successfully recovered the stolen funds and had Ahmed sentenced to three years in prison, during which he was ordered to return the cryptocurrency and pay 3.4 million dollars in restitution. (Jin Shi) [Original link]