According to an official blog post, Nemo Protocol, the Sui ecosystem revenue exchange platform recently attacked, has launched a user compensation plan, intending to compensate users for their losses by issuing NEOM, a debt token. NEOM will be calculated based on the on-chain snapshot taken at the time of the incident suspension, with the equivalent value of the user's losses in US dollars.

Nemo stated that due to insufficient funds, a full USD compensation could not be paid directly, so a debt token strategy was adopted as the most feasible solution. Users will receive NEOM tokens during the migration process and can choose to exit through the AMM pool or hold onto their holdings for a return. The team also plans to launch a NEOM/USDC liquidity pool on the Sui mainstream DEX to facilitate instant exits.

In addition, any recovered stolen funds, external financing, or strategic investments will be added to a redemption pool, from which NEOM holders can claim their proportionate share. The platform will also launch a dedicated website to provide real-time disclosure of NEOM burn progress to ensure transparency. Previously, an attacker transferred $2.6 million from Sui to Ethereum via Wormhole CCTP. Nemo is working with its security team to track the funds and establish a white-hat framework and bug bounty program. (The Block)