On 2026-01-30 20:40:59 UTC, a security incident affected GYD’s cross-chain contract. This governance proposal is to:

1. Send the below offer to the address that executed the incident and obtained GYD in the process. The offer will then be valid for 24 hours from the time this proposal closes.
2. Authorize FTL Labs to lead negotiations for a partial return of funds.

Message to the party who executed the GYD bridge security incident

To 0x7DD4075A6eAe9f18309F112364f0394C2DfA8102:

This is Gyroscope protocol governance. We propose a resolution to the GYD smart contract incident. You can return 200 ETH that you hold from this incident. Gyroscope is then in a position to consider the remaining 100.2 ETH as a fixed whitehat settlement credit. This generous of a settlement is possible because it gives the protocol a chance of making users whole given the ability to cancel GYD’s system surplus.

If you take this offer, Gyroscope will cease investigations and consider you as a whitehat who performed an emergency recovery of funds and made users whole.

It’s a win-win for all. You will be taking a big everlasting risk if you take all of the funds, which isn’t even that much in total. Whereas with this offer, for the same order of magnitude of reward, your risk would be reduced massively and users would be made whole.

If the funds are not returned, Gyroscope will alternatively publicly offer the reciprocal deal for anyone else for information that leads to prosecution and full recovery of funds. Security researchers have already found significant leads that could aid in this direction. We believe it doesn’t have to go that way though.

To accept this settlement, return 200 ETH to the Gyroscope GovernanceManager contract 0x78EcF97572c3890eD02221A611014F30219f6219 on Ethereum within 24 hours of passage of this proposal.

If you would prefer to communicate in private, you can contact security@gyro.finance.