🚀 OpenFi System Recovery & Restart Announcement
Restoration Complete · Audit Underway · Relaunch Imminent
Dear OpenFi Community Members,
Thank you for your patience and support over the past 48 hours. In response to the unexpected security incident on May 9, 2025, we have completed the first phase of technical remediation and have officially launched the system restoration process. Below is the latest status update:
1|Vulnerability Fixed Within 48 Hours
By 2:30 AM(UTC) on May 10, the OpenFi technical team successfully resolved the protocol vulnerability and fully sealed all identified attack vectors.
With the assistance of our security partners, the attacker has been traced. A detailed security report regarding this incident will be published shortly to contribute to the broader advancement of blockchain security.
2|Security Audit in Progress
The updated protocol has undergone comprehensive internal upgrades and multiple rounds of stress testing.
The finalized version of the smart contract has been submitted to two independent audit firms for a full-scale security review.
Details of the auditing firms and their progress will be announced on our official website and community channels.
3|System Recovery Plan
• Within 2 hours after audit approval
Access to the DApp will be restored, enabling account verification, snapshot viewing, and asset data checks.
• Within 24 hours after audit approval
The original liquidity pool will be reactivated, restoring all on-chain functions including staking, claiming, and burning.
All recovery actions will strictly follow the snapshot taken prior to the May 9 attack, ensuring the full integrity and accuracy of user assets.
🚀 Important Reminders
• Please avoid all on-chain interactions during this interim period
• Do not click on unofficial “airdrop” or “compensation” links
• All compensation, recovery, and update information will be released exclusively through official OpenFi channels
OpenFi remains firmly committed to transparency, fairness, and security—principles that underpin our vision of a trustworthy DeFi 3.0 platform.
Though this incident posed a significant challenge, it has only strengthened our long-term resolve to protect user assets and optimize the protocol for the future.
We sincerely thank you for your support and shared belief. A stronger, revitalized OpenFi is just ahead.
The OpenFi Team
May 10, 2025