Stablecoin project Raft has released an update on the attack event, stating that it is developing a comprehensive recovery plan to compensate users affected by the event. Raft will release detailed recovery plans in the next week.

The current version of Raft will be phased out, and Raft DAO will launch a new, more secure version.

Earlier today, Raft was attacked, with damages amounting to approximately $3.3 million. The attacker stole 1577 ETH in this attack, and then sent 1570 ETH to a burn address, destroying most of the stolen assets, leaving only 7 ETH for themselves. As a result of the attack, RAFT fell to $0.0052, a 25% drop in 24 hours, and the stablecoin R also briefly dropped 50% and paused minting.