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Alpha Homora

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 Homora 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 bad debt from exploited funds between Alpha Homora and Iron

Fourth Open Letter to Alpha Community

Since the Third Open Letter, Alpha Homora, on behalf of users, 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

Third Open Letter to Iron Bank

By disabling user withdrawals, Iron Bank has taken users’ funds. The bad debt from exploited funds is a separate matter from users’ funds held in trust by Iron Bank, as these funds are not Alpha’s. Seizing users’ funds is not the solution and should not be a solution to

Second Open Letter to Iron Bank

Context On March 1st, around 8:20PM UTC+7, Iron Bank, which is a protocol spin off from the team behind C.R.E.A.M., made a config change in their protocol. This change is unilateral without notice and now prevents lenders from withdrawing their liquidity. The Alpha community

An Open Letter to Iron Bank

Alpha Homora is writing to express concern about actions taken by Iron Bank that harms depositors and to urge Iron Bank to take immediate action to reverse your actions. Around 8:20PM UTC+7, a code change was made in the code of Iron Bank, a protocol spin off from

Alpha Homora V2 Post Mortem

Dear Alpha community, our partners, and DeFi users, as we have shared earlier, we have closed the loophole that made the exploit possible. We’d like to take this opportunity to thank everyone who has helped us, be it on the technical front and non-technical front. We sincerely appreciate it.