The 1inch Foundation has put forth a proposal to its decentralized autonomous organization (DAO) to reimburse users affected by a supply chain exploit that occurred in October 2024. The proposal, termed 1IP-80, suggests a compensation of $768,026 in USDC, sourced from the DAO’s treasury. Victims will need to complete a Know Your Customer (KYC) verification, provide evidence of their losses, file a law enforcement report, and agree to forfeit any future claims on recovered assets. Currently, the vote stands at 53.47% in favor and 46.53% against, with the voting to remain open until June 22. The exploit had previously gone unreimbursed, unlike a more recent breach in March 2025, where most stolen funds were returned. The current plan emphasizes the importance of user identity verification even though 1inch does not typically require KYC for trading on its platform.

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