Radiant DAO community releases the proposal to "compensate for losses from unlimited authorization vulnerability."

ChainCatcher message, Radiant DAO community released a proposal for "Compensation for Infinite Approval Vulnerability Losses". The proposal includes compensation for user losses due to the vulnerability on October 16, 2024 (involving Arbitrum and BNB Chain), with losses of 7.7 million dollars in 2024 and 1.2 million dollars in the first quarter of 2025.

Compensation will be issued in stablecoins, with a 30% discount on 2024 losses and a 60% discount on 2025 losses, with priority lower than depositor compensation (RFP-47). The community needs to vote to decide the source of funds, with options including shared responsibility between the DAO and partners or no compensation.