Demex

We want to provide a follow-up to our previous update on the Nitron restitution progress.

Since the Nitron lending market exploit, we've been working tirelessly on recovery, and formulating a fair restitution plan. Here’s a comprehensive update on what we’ve done so far, how we plan to compensate affected users, and what we’re building next to ensure this never happens

On May 16th, Demex's lending markets (Nitron) were exploited, resulting in a loss of $950,559 in user funds. The exploit was isolated to Nitron — no user funds in spot or perpetual trading were affected, and those services remain fully operational. This post outlines what happened, how it