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Cover Protocol Is Planning A New COVER Token After The Hack

Mary Liu

Summary: Cover Protocol, a DeFi insurance protocol that was hacked early this morning with 40 quintillion coins inflating, officially announced that the team plans to provide a brand new COVER token, which will be taken as a snapshot at a certain time before the attack. The 4350 ETH returned by the hacker Grap Finance will also return to ...

Cover Protocol, a DeFi insurance protocol that was hacked early this morning with 40 quintillion coins inflating, officially announced that the team plans to provide a brand new COVER token, which will be taken as a snapshot at a certain time before the attack. The 4350 ETH returned by the hacker Grap Finance will also return to the user via a snapshot. The official stated that it will continue to investigate the incident but remind users not to buy COVER tokens.

By Mary Liu

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