Overview

• Victims will receive NEOM tokens equal to recorded losses at the snapshot taken when the protocol was paused.
• Users can migrate remaining assets into new multi-audited contracts designed to replace the compromised pools.
• Nemo will seed a NEOM/USDC trading pair on a Sui DEX to provide immediate market liquidity for debt tokens.
• Recovered funds and externally sourced capital will flow into a managed redemption pool, with bi-weekly progress updates and a public dashboard.
• The post-mortem traces the breach to unaudited code deployed via single-signature authorization, enabling public flash loans and writable query functions that drained mainly stablecoins later bridged to Ethereum; TVL fell from about $6.3 million to roughly $1.57 million.