What happens after an $80 million hack: Vote now to decide the future of the Tribe DAO
A snippet of the proposal TIP-121. Source: tribe.fei.money“I think trust has been broken, and I can’t believe such vague proposal probably overlooked by an army of blood-thirsty lawyers will be in the users’s favor.”for returning the $80 million worth of assets, which received no response from the hacker.
We are aware of an exploit on various Rari Fuse pools. We have identified the root cause and paused all borrowing to mitigate further damage. To the exploiter, please accept a $10m bounty and no questions asked if you return the remaining user funds.While seeking a responsible direction that reduces risk, the protocol intends to defend the FEI peg without the need for governance. “Upon completion of this proposal, and irrespective of whether the individual pieces of it fail or succeed, Fei Labs will no longer be participating in the Tribe DAO,” read the proposal.
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