SOSIP-10-The OpenSea Exploit Compensation
Prepared by: angyts, taegeuk
Over the past few hours, there have been some unfortunate cases of users falling victim to exploits, causing them to lose numerous valuable NFTs to this address.
We would like to request for $170,000 USD worth of $SOS to compensate the victims of the recent exploit. Compensating victims on OpenSea has been one of the OpenDAO’s core mission, and we would like to take this opportunity to take a step in this direction.
Please keep in mind that this is an evolving situation, we believe that it is a complex social engineering attack and not a smart contract failure.
We will also open up the compensation wallet address for public donation of ETH and $SOS. This wallet is custodied by the core contributors of the OpenDAO.
We will open up a channel for compensation and for victims to submit a compensation request, associated with a signed message to prove ownership of the wallet.
The compensation window will run for one month after the last attack in this incident. The valuation of the NFT will be based on the 7 days average floor price at time of exploit. After being verified, the victim will be compensated
The total sum of funds in the compensation wallet will be fully disbursed to all the verified victims of this attack according to their claim as a proportion of the total claims submitted.
For example, person A claim $10, person B $20 and person C $30. After verifying the claims to be accurate, A will get 16%, B 33% and C 50% of total sum of the compensation wallet at the end of the claim window.
To qualify for compensation:
This compensation is specifically for victims of the recent exploit. Proof of ownership of the affected wallet by signing a signature. Help us by providing accurate information regarding the claim.
How you can help:
- Donate $SOS or ETH to 0x5f17672F4a970bA8a080238676b8103E7Ceaea26
- Assist in analysing real victims of the exploit
- If you have worked in insurance or legal claims before, please apply for work at the OpenDAO. This will be funded by our operational wallet in this snapshot. Spread the word Teach others to avoid falling for similar scams, education is key Voting yes for this snapshot Help us create a long term sustainable compensation plan for victims of other exploits
Off-Chain Vote
Seed compensation with 170K USD
2.76T 78.6%
Do not compensate
749.26B 21.4%
Timeline
Feb 20, 2022Proposal created
Feb 20, 2022Proposal vote started
Feb 22, 2022Proposal vote ended
May 26, 2025Proposal updated