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refund

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first_img User daN’SKi: Polymarket requires a signed agreement to refund funds

On October 30, X user daN'SKi (@TheNotoriousSKi) posted that the prediction market platform Polymarket requires users affected by its so-called security incident to disclose personal identification information and sign a legally binding contract before their funds will be returned. The post stated that this requirement contradicts the platform's previous claim that all affected users would receive full compensation and questioned its legality. The post included multiple screenshots of documents, with the text on the pages showing a sample settlement and release agreement.On October 29, Polymarket stated on X that a third-party service provider of its international platform Polymarket.com had been breached, the issue has been identified and resolved, and the incident has been referred to the relevant law enforcement agencies, with affected users set to receive full compensation. The platform had suspended trading but later announced that trading had fully resumed and stated that it would fully compensate all affected traders. According to CNBC, Polymarket informed users on Discord that funds with losses below $10,000 would be restored by October 30, while users with losses above that amount would need to sign a waiver agreement to receive compensation.CNBC cited data analysis from Betting Intelligence and Polysights, stating that on that day, one account withdrew at least $2.7 million from 710 wallets. Sources told CNBC that the issue stemmed from the website performance monitoring service DebugBear being breached, and Polymarket has referred the incident to UK law enforcement. The Polymarket US platform was not affected by this incident. In June of this year, Polymarket also stated that a third-party vendor had been breached and promised refunds to affected users.

DeAgentAI launches $AIA principal-protected staking financial plan: full refund of USDC at maturity, plus an additional reward of up to 50% AIA

According to official news, the DeAgentAI token $AIA has been launched on the South Korean exchange Bithumb's Korean Won market, opening the AIA/KRW trading pair. Its principal-protected staking financial plan has also officially opened. Users can participate with USDC, and upon maturity, the platform will return the equivalent amount of USDC in full according to the product terms, while additionally earning rewards of up to 50% of the actual staked AIA amount.The plan features three staking pools: Ultra, Boost, and Fast, with total AIA rewards over a 12-month period being 50%, 40%, and 35% of the actual amount bought and staked, respectively. The first rewards from the three pools will be distributed uniformly after the fundraising period ends in the 3rd, 2nd, and 1st months, respectively, and will then be automatically distributed monthly. The amount of USDC returned at maturity does not fluctuate with the AIA coin price, and the originally bought and staked AIA will not be returned.The initial open quota is 500,000 USDC, with a minimum participation amount of 350 USDC per transaction, and it will close once full. Users can buy AIA using USDC on the BNB Chain through the official page and complete the staking in the same transaction. For participation methods and complete rules, please refer to the official staking page.

first_img Unstoppable Domains abandons ICANN application, refunds Web3 domain names

Matthew Gould, the founder of Unstoppable Domains, stated that the company did not submit an application for its Web3 top-level domains in ICANN's 2026 expansion round and will refund customers who purchased related domains. Gould mentioned that the compliance, application, and bidding costs of incorporating Web3 domains into the ICANN system exceeded the company's expected recoverable sales. This move ends the company's commitment since 2019 that domains like .crypto and .wallet would eventually be resolvable in standard browsers.The application window for this round of ICANN opened on April 30 and closed on August 12, receiving over 1,600 major applications. Gould stated that customers have been notified via email, but the list of affected extensions and refund terms have not been disclosed. Some holders questioned the scope of the refunds, claiming they held the domains based on Unstoppable's commitment to advance the ICANN application. Gould responded that Web3 domains will still serve as on-chain assets for cryptocurrency transactions.Unstoppable continues to participate in ICANN activities as a service provider and previously announced a partnership with Telegram to apply for the .gram domain. Meanwhile, ENS has chosen a different path, with token holders approving the restructuring of the ENS Foundation to pursue the .ens top-level domain in ICANN, but ENS will not apply for .eth, as it is reserved for ISO 3166-1 country codes.
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