Mixin founder: The compensation ratios for Bitcoin, Ethereum and ERC20 USDT are 90%, 30% and 10% respectively

Odaily News Mixin founder Feng Xiaodong announced a preliminary plan for recovering user wallet assets in Mixin Messenger, saying that the status of the damaged assets has been basically clarified. The main currencies affected in this incident are BTC, ETH and ERC20 USDT, and the estimated compensation ratios are 90%, 30% and 10% respectively. He noted that other versions of USDT were not affected. Feng Xiaodong said that it will take some time to announce the formal compensation plan, but it is guaranteed that the change in the compensation ratio will not exceed 1%. In addition, other currencies have experienced varying degrees of losses, but the team is prepared to use existing funds and borrow money to purchase corresponding assets with 100% compensation. Although the initial estimated loss is US$200 million, Feng Xiaodong said that the Mixin team is now working hard to compensate damaged users by converting the currency price on the day of theft into US dollars, while giving priority to compensate the damaged users of USDT ERC20.