🚨 Nemo Protocol has officially launched the $NEOM token as part of its recovery plan after the $2.4M hack. Built on the Sui network, the project is rolling out a way to compensate affected users while trying to restore trust.

💡 How it works:

🔹 For every $1 lost, users get 1 $NEOM (based on a snapshot before the hack)

🔹 NEOM’s value may rise or fall depending on recovery progress and market moves

🔹 Full transparency promised in calculations and distribution

The team says the goal is simple: give users a fair chance to recover what was lost while the protocol rebuilds.

🛠️ The recovery plan will unfold in 3 stages:

1️⃣ Migration – move remaining assets safely to new contracts

2️⃣ Compensation – claim NEOM tokens equal to confirmed losses

3️⃣ Recovery – either sell NEOM right away or hold and wait for the recovery fund

💰 All recovered funds from the hacker will flow into a “Redemption Pool,” secured with multi-signature wallets. Holders of NEOM will be able to redeem tokens based on their share, with real-time updates and token burn tracking available soon.

🌍 What does this mean for DeFi?

This situation shows how projects are experimenting with new ways to protect users and rebuild confidence after major exploits. Whether NEOM becomes a lasting solution or just a temporary bandage is something the community will be watching closely.

#NemoProtocol #NEOM #DeFi #CryptoSecurity #CryptoHack #BlockchainNews

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⚠️ Disclaimer: This post is for educational purposes only and should not be considered financial advice. Crypto investments are risky and may lead to losses.