Bifrost put out an official statement to reassure users.
- Incident was caused as a result of a user losing private keys.
- A large amount vDOT was swapped out causing a slippage and price impact.
- The depeg from the impact gave way to arbitrage opportunities.
- Operations now smooth as the swap pool has now stabilized.
- Bifrost's SLP is decentralised and is working as it should. Unfortunately the upper limit of unstaking vDOT was tested.
- Underlying staked DOT is safe
- Bifrost are trying to help the affected user.
