Nemo Protocol Launches Debt Token Program for $2.6 Million in Vulnerability Victims


according to The Block, the DeFi platform Nemo based on Sui announced a compensation plan involving the distribution of a debt token called NEOM. Nemo suffered a $2.6 million exploit earlier this month. To compensate affected users, the platform plans to allocate recovered funds as well as a portion of liquidity loans and investments to a redemption pool.