Tribe DAO votes in favor of repaying victims of $80M Rari hack

Cointelegraph

Published Sep 22, 2022 02:00AM ET

Updated Sep 22, 2022 03:40AM ET

After months of uncertainty, the Tribe DAO has passed a vote to repay affected users of the $80 million exploit on decentralized finance (DeFi) platform Rari Capital's liquidity pools.

Following several rounds of voting and governance proposals, Tribe DAO, which consists of Midas Capital, Rari Capital, Fei Protocol and Volt Protocol, took the decision to a vote on Sept. 18 with the intent to fully reimburse hack victims.

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