opened 11:38AM - 15 May 26 UTC
a:proposal
re:processes
# Proposal for Refunds to Victims of the May 1st Bisq 1 Trade Protocol Incident
…
An anonymous group (referred to here as the “Refund Angels” or “RA”) has agreed to advance the refunds for victims affected by the May 1st Bisq 1 trade protocol incident.
Victims will be reimbursed after:
* the DAO cycle voting has concluded and this proposal has been accepted, and
* the arbitrator has confirmed their eligibility for reimbursement.
This approach enables Bisq to compensate victims quickly, in full, and directly in BTC.
The more complex and time-consuming discussion regarding how — and at which BSQ/BTC exchange rate — the Refund Angels will later be reimbursed by the DAO will be deferred to the next DAO cycle, as no consensus has yet been reached on that matter.
Importantly, this is primarily an internal DAO discussion and does not affect the victims’ ability to receive timely refunds.