Syndicate: Compensation for the bridging attack incident has been completed, and an additional 15% compensation has been issued.

CoinFeed reported on May 11 that Syndicate announced on its X platform that compensation for its bridging security incident has been completed. All affected SYND holders on the Commons Chain have received full compensation, plus an additional 15% of the total loss. The compensation has been sent directly to the affected wallets (Base Chain), with gas fees covered by Syndicate Labs; no user action is required. The total compensation amount is approximately 12.9 million SYND. Furthermore, Syndicate Labs has burned an equivalent amount of SYND from its treasury (i.e., the total compensation) to offset the long-term impact on circulating supply. Syndicate Labs chose not to compensate its own affected holdings, thus reducing the compensation requirement by approximately 5.5 million SYND.