User, on behalf of User and User’s assigns, heirs, and estates (the “Releasing Party”) hereby generally releases and forever discharges foundations, associations, operating companies and development companies for the Harmony ecosystem and their affiliates, and their respective past and present, core developers, validators, officers, directors, employees, shareholders, partners, agents, principals, managers, attorneys, contractors, contributors, insurers or indemnitors, parent corporations, direct and indirect subsidiaries, affiliates, predecessors, successors, assigns, heirs, and estates (the “Released Parties”), and each of them, separately and collectively, from any and all existing claims, liens, demands, causes of action, obligations, damages, and liabilities of any nature whatsoever, whether or not now known, suspected, or claimed, that the Releasing Party ever had, now has, or may claim to have had, including without limitation those arising from or relating to the Harmony Horizon Bridge Hack (the “Released Claims”). For the purposes of this Agreement, “Horizon Bridge Hack” means the conducting of unauthorized transactions on June 23, 2022, by a malicious third party on the Harmony Horizon bridge that resulted in the transfer of cryptocurrency asset tokens from the Harmony Horizon Bridge to the malicious actor’s wallet.
User acknowledges and agrees that we are not affiliated with the Released Parties and are the sole party providing the services on our platform as described herein. Nothing herein shall be construed as creating any obligation to User from the Released Parties, nor any agreement between the Released Parties and User, provided however, that User acknowledges and agrees that the Released Parties are intended third-party beneficiaries of this section and the release for the Horizon Bridge Hack contained herein. User further acknowledges and agrees that User shall have no rights in respect of any funds provided to us by the Released Parties to facilitate the development of our platform or delivery of its services or to otherwise enable any contribution made by us to the Harmony ecosystem.
Id say its expected, you swap at shit rate, losing 90% of funds, so its your decision to swap.
Instead I’d rather hold to see what happens next, without signing any “legal-ish” crap.
Better rate maybe, but we will see…
Problem I see is “new bridge” with “new but old stables” - same as old depegged stable, but on new contract, so its actually not same… Harmony ONE-ETH Bridge
They should NOT allow this bridge, as this only will bring extra confusion.
Instead they should restart horizon with non stolen assets, slowly adding pegged assets - if pegged by recovery