Debt restructuring the poly exploit

Discussion
1

We want Wing core team answer some question behide the debt of poly exploit for future plan discusion
-Bad Debt list and current value.
-Five largest creditor address.
-Remaining fund left for restructure the debt.
-How many Wing token and ONT can allocate for restructure the debt.

2 Likes
2

Please answer these question. We are waiting the plan for pAsset so long time.

1 Like
3

We have been waiting for almost 2 years.

4

Dear Wing community,

We would like to provide an update regarding the impact of the PolyNetwork incident on Wing and the current status:

  1. We, just like our users, are victims of the PolyNetwork incident.
    Since the event occurred in 2023, we have been in continuous communication with the Poly team, seeking resolutions. Unfortunately, until Poly officially declared bankruptcy on March 31, 2025, we received no meaningful response from them.
  2. With Poly’s announcement of bankruptcy, Wing no longer has any channel to pursue a resolution through them.
    This has been a heavy blow for us as well.
  3. Even though Wing is not at fault, we have always been actively exploring ways to compensate our users for the losses.
    However, finding a balance between the rights of users affected by the loss of pAssets and the interests of Wing token holders remains a very difficult challenge.
  4. It is also a major concern for us to protect the affected users while ensuring the sustainable development of Wing.

We encourage community members to share any feasible proposals or ideas.
If we identify a viable solution, we will inform everyone as soon as possible.

Thank you for your continued understanding and support.

5

We want to know about Wing current status like these TOPIC’s question for future discussion about plan of pAsset.
Your answer really really look like a year ago and have no value for future discussion.

6

(https://etherscan.io/address/0x135d1cb068f176af2b3a4fa48205c6950f269460)
I also want to know does these asset belong to Wing Finance or Poly Team?

7

This is the detailed announcement published by Poly in 2023 regarding the compromised assets. It includes information related to Wing — feel free to check it out yourself.

https://polynetwork.medium.com/the-poly-network-exploit-analysis-b0a77aff6078

8

This address has no relation to Wing.

9

We want to know detail about what asset Wing team are holding, which can be used for restructuring the debt. For example it’s eqvl to 60% then we can deal with top 5 depositer for agreement redistribute asset = 60% original value

10

All relevant information about Wing is disclosed in the documentation, which you can review. Wing has always operated as a DAO—its expenses, revenues, and distributions are all governed by proposals and community decisions. You can also check the Proposal section for more details.