PANews|May 11, 2026 02:39
[Syndicate: Compensation for Bridge Attack Incident Completed, with an Additional 15% Bonus]
Syndicate announced on Platform X that compensation for its bridge security incident has been completed. All SYND holders affected on the Commons Chain have received full compensation, along with an additional 15% bonus based on the total losses. The compensation has been directly sent to the affected wallets (Base chain), with gas fees covered by Syndicate Labs, requiring no action from users. The total compensation amounts to approximately 12.9 million SYND.
Additionally, Syndicate Labs has burned an equivalent amount of SYND (equal to the total compensation) from its treasury to offset the long-term impact on circulating supply. Syndicate Labs opted not to compensate its own affected holdings, thereby reducing the compensation requirement by approximately 5.5 million SYND.
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