Binance Establishes Smart Contract to Refund Users Impacted by $3M Rug Pull

Crypto exchange Binance has developed an automated smart contract aimed at reimbursing users affected by the recent Xirtam rug pull incident.

In a statement released on September 6, it was revealed that users impacted by this event can recover their funds by linking their wallets to an Ethereum block explorer, completing a verification check, and utilizing the claim function associated with the smart contract. To qualify for recovery, users needed to submit their applications by August 2.