TechFlow News — According to an official announcement, BurgerSwap, the first automated market maker on BSC, has released a compensation plan. Users who held the compromised BURGER LP tokens prior to block height 7781159 (May 27, 06:54:46 PM UTC) will be eligible for compensation. The compensation plan is structured as follows:
1. New Token – cBURGER
The compensation token cBURGER will be airdropped to eligible users proportionally based on the value of their BURGER LP holdings before the attack.
2. cBURGER Compensation Pool
A cBURGER compensation pool worth $7 million in BURGER tokens will be established. The compensation funds will come from BURGER tokens allocated to the team and revenues generated by BurgerSwap's operations. Compensation will be distributed linearly over 90 days. All cBURGER holders can claim their compensation by depositing their cBURGER into the cBURGER compensation pool. Further details and listing timelines will be announced in future updates.
Previously, BurgerSwap disclosed details of a flash loan attack, during which 4,400 WBNB, 1.4 million USDT, and other tokens were stolen. The vulnerability has since been patched, trading and liquidity functions have been restored, followed by the release of this compensation plan.
