TechFlow news: Stablecoin project Raft has posted a tweet stating that a recent complex security incident led to the minting of approximately $6.7 million worth of unsupported R.
The hacker subsequently sold R, impacting its price. Raft is currently developing a comprehensive recovery plan to compensate users affected by the incident. A detailed recovery plan will be released within the coming week. Users should await updates on the plan.
Raft's smart contracts have been paused, but all R minters can still fully repay their loans to reclaim their collateral. However, Raft strongly advises against speculative purchases of R due to the presence of unsupported R in circulation.
As part of future plans, Raft’s current version will be phased out, and Raft DAO will focus on launching a new and secure version.
