All stolen assets from Lendf.Me have been recovered, and the platform has launched a new system to handle asset returns.

On April 27th, an important message came in. With the cooperation of multiple parties, the assets stolen from the Lendf.Me platform have all been recovered and transferred to a Cold Wallet for subsequent distribution. However, due to ongoing attacks, the contract status of Lendf.Me has been compromised and cannot be restarted. Therefore, the platform has decided to develop a brand new "Asset Return System" to handle the asset return process.

It is worth noting that during the asset recovery process, some assets have been converted into other forms. In order to restore the asset portfolio as much as possible at the time of theft, reduce market risk, and ensure that user assets are fully returned, the platform will sell and rebalance these assets.

According to the data snapshot taken on April 19, 2020, at 12:57 (UTC+8), the status of the Lendf.Me contract when it was closed at block height 9900772 has been recorded, detailing the platform's assets and liabilities.

In light of the recent rampant phishing websites, the platform specifically reminds users to conduct repayment and withdrawal operations through the official website or designated Wallet, and to ensure that the original address used for interaction with the platform previously is used.

For users who only have deposits and no loans, they can log in to the official website or through a supported Wallet to access the "Asset Return System". Confirming the relevant terms is considered as initiating a refund request. Given the large number of users, the platform will process requests in the order of registration time. For users who do not log in to the system and confirm the terms within a week, the platform will automatically refund the full amount of the original assets.

For users with loans, the platform provides a detailed operation guide, including steps for checking deposit/loan status, repaying debts, and retrieving collateral assets. Users must complete the full repayment of outstanding loans within the specified time; otherwise, they will not be able to proceed to the next step, and the assets will enter the global asset disposal process.

In addition, the platform has established a global asset disposal process for users who fail to repay their loans in a timely manner. Seven days after the announcement is made (including the 7th day), or if the collateralization ratio falls below 125% during that period, the remaining assets will be converted into stablecoins at the market price at that time, and after deducting the loan amount, the equivalent stablecoins will be calculated based on the account's net value and refunded to the user's original address.

To ensure accurate calculations, BTC will be retained to 6 decimal places, WETH will be retained to 4 decimal places, and stablecoins will be retained to 2 decimal places.

If there are issues such as inconsistent repayment amounts, contract address unable to operate, or the user's original address unable to receive refunded assets, users can seek help through the specified email.

This series of measures aims to protect user rights and ensure that assets are returned safely and orderly to each affected user.