An update regarding the refund
It has been nearly 6 months since the exploit of USP. As the legal process remains ongoing, we are restricted from accessing funds for refunds without approval from the French prosecutor. We are actively seeking their permission to use rescued funds and the 1.4m treasury reserves for issuing refunds.
In parallel, we are requesting Tether to expedite reminting of USDT lost in the exploit, with the assistance of our lawyer to accelerate this process. For .e assets, we continue pursuing options for reminting.
By end of August, we will share an update on the status of reminting requests and the refund request to the French prosecutor. Thank you for your patience and understanding as we work to make affected users whole again.