Euler Finance announced the user redemption plan, which will repay through smart contracts and multi-signature wallets

ChainCatcher news, the DeFi lending protocol Euler Finance has announced a user redemption plan, in which the total recovered funds amount to approximately 95,556 ETH and 43.06 million DAI. The unrecovered funds include a total of 1,100 ETH sent by the attacker to Tornado Cash and 100 ETH sent to the Ronin attacker. Additionally, 100 ETH was directly returned to users by the attacker, and users returned 12 ETH to the Euler DAO treasury. The DAO treasury address also holds approximately 4 million USDC and 1 million DAI from Sherlock protocol insurance payouts.

The team will repay through smart contracts and multi-signature wallets. The net asset value of all accounts will be summed to obtain the total net asset value, and each account will be able to claim the recovered ETH, DAI, and USDC based on its proportion in the total net asset value. If the value of the recovered amount exceeds the total net asset value, the excess will be distributed proportionally to users. (source link)