Nemo Protocol Launches Token Program to Compensate for $2.6 Million in Losses According to Hashi Chain News, Nemo Protocol recently launched a debt token program to compensate users affected by a $2.6 million vulnerability. The platform plans to compensate users by issuing NEOM tokens, with a value equivalent to users' USD losses. Nemo stated that while it would have preferred direct USD compensation, it chose to use the debt token tactic due to insufficient funds. The goal is to ultimately reimburse users' principal losses, based on an on-chain snapshot taken at the time the protocol was suspended. The protocol defines a three-step recovery process: first, users will be able to access a dedicated portal to migrate the remaining value of the lost funds pool to a new contract, during which users will receive an equivalent value in NEOM tokens. Token holders can choose to exit through an automated market making pool or retain their tokens pending recovery. Nemo also plans to launch a liquidity pool on Sui's primary DEX to facilitate user exits. All recovered funds will be deposited into the compensation pool for users to apply for, and some external funds will be allocated to the pool to provide support. Previously, on September 7, Nemo Protocol's funding pool was stolen by an attacker who stole $2.6 million. The attacker exploited a code vulnerability introduced by the developer, and the code was deployed without proper auditing.

$DOGE is rising. Up 15% for the day. Not bad for a heavyweight coin. What about the #DOGE ETF? It's promised to launch Thursday. 🤷‍♂️ Eric Balchunas (Bloomberg) initially encouraged us it was coming soon, but now says it's delayed until September 18th. See the logic? September 17th — Fed rate cut. September 18th — highly anticipated ETF launch. Now, MM is driving up prices 📈 in anticipation, which is a good thing. #Dogecoin has kicked off our local #MEME season. Did you find the meme?

$PYTH😂😂 #MEME #MemeWatch2024 #MarketSentimentToday #PYTH $BTC $ETH

The IPO of stablecoin issuer #Circle will increase the global awareness of #Crypto, especially #memecoins such as #Shib and #4chan, which will become close friends of individuals around the world. #4chan $SHIB #memecoin $BNB #meme 4chantoken on $ETH 4chantoken.info

The truth behind the BTC surge is revealed!Firstly, when Powell spoke in the early hours of the morning, he surprisingly compared BTC to gold, sparking market discussions.Secondly, Trump appointed a new SEC chairman who is cryptocurrency friendly, injecting confidence into the market.As a result, BTC surged all the way to 99000, once again launching a challenge towards the 100000 mark!If someone sells $BTC for 100000, please slap yourself in the face# BTC reaches a new high of 100000 # Historical Witness Check in