Algorithm Stable Coin protocol Nirvana, which was previously attacked by security engineers, has opened a claim for compensation.

CoinVoice has learned that Solana's ecosystem Algorithmic Stablecoin protocol Nirvana Finance has announced the opening of claims and will launch Nirvana V2 at 2:00 on December 18th. Original ANA holders can experience the application in advance.

Earlier, it was learned that in July 2022, hacker Shakeeb Ahmed stole approximately 3.5 million US dollars of Stable Coin by manipulating the pricing mechanism of the protocol. Through collaboration with the US Department of Justice, the Department of Homeland Security, and the IRS, Nirvana successfully recovered the stolen funds and Ahmed was sentenced to three years in prison. He was also required to return the stolen cryptocurrency and pay a compensation of 3.4 million US dollars. (Jinshi) [Original link]

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