Multi-chain wallet BitKeep has announced it will issue full refunds to victims of a hacking incident which took place in December, costing the project around $8 million. 

Victims who were impacted by the incident are eligible for a full refund and can submit their claims, the team said. The process of reimbursement begins with users applying to BitKeep and the team will commence repaying them.

Half of the refunds are expected to be completed before the end of February, while the remaining funds should all have been returned by March, BitKeep said. The compensation will be converted to USDT stablecoin.

(By Vishal Chawla)