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Alpha Homora

Fifth Open Letter to Alpha Community

Per Alpha’s Fourth Open Letter, the Alpha depositors have voted for Alpha to negotiate with Iron Bank (IB) in order to find middle ground for the bad debt repayment. After the voting result, we have been exploring potential solutions taking into account the depositors’ feedback and IB’s proposal

Key Points from AMA with Alpha Homora with Regards to Fourth Open Letter

Important Background Information Timeline Prior to Today: It is important to note that Alpha has been following the debt repayment agreement since the start and ascertained that users would not be affected by the incident as it is a responsibility and liability between Alpha and Iron Bank (IB). Since the

Fourth Open Letter to Alpha Community

Since the Third Open Letter, we have proposed multiple solutions to Iron Bank directly to return users’ funds, but haven’t been able to come to a complete resolution. While Iron Bank has returned some parts of users’ deposits (on non-Ethereum chains), they still take control of users’ deposits on