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DeFi protocol Unizen to provide ‘immediate reimbursement’ after $2.1M hack

Decentralized finance (DeFi) protocol Unizen announced that it would reimburse its users who lost 750,000 or less “as soon as humanly possible” after the platform got compromised, losing about $2.1 million in user funds. On March 9, blockchain analytics firm PeckShield flagged an “approve issue” with the DeFi platform, reporting that over $2 million had already been drained. The security firm urged users to revoke the approvals from the trade aggregator to avoid further loss. A day later, the DeFi protocol sent an on-chain message to the hacker, offering a 20% bounty in exchange for returning the remaining stolen funds. The company will return funds in USDT or USD Coin (USDC).

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