Decentralized finance (DeFi) protocol Unizen announced that it would reimburse its users who lost 750,000 or less “as soon as humanly possible” after the platform got compromised, losing about $2.1 million in user funds.
On March 9, blockchain analytics firm PeckShield flagged an “approve issue” with the DeFi platform, reporting that over $2 million had already been drained. The security firm urged users to revoke the approvals from the trade aggregator to avoid further loss. Security company SlowMist estimated the exploit losses to be around $2.1 million and noted that the attacker swapped the Tether USDTUSD for the stablecoin DAI 
DAIUSD.
A day later, the DeFi protocol sent an on-chain message to the hacker, offering a 20% bounty in exchange for returning the remaining stolen funds. The protocol also said they are already working with law enforcement and forensic experts to determine the hacker’s identity.
While the bounty negotiations are still ongoing, the DeFi protocol was quick to refund victims of the hack. On March 11, the company announced that it would make 99% of the affected users whole as soon as possible.
“Reimbursement for the rest of those will be given to the same wallets affected starting immediately. While we intend to start distributions today, we are going through each distribution individually in a slow, careful and methodical manner,” they wrote.
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