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Background

In July 2022, Nirvana suffered a critical security breach when Shakeeb Ahmed executed a single Solana transaction that drained the protocol’s reserves. With the reserves depleted, ANA and NIRV lost their collateral backing. By 2024, Ahmed was convicted of computer fraud. During the proceedings, authorities seized part of his digital assets, and the U.S. Department of Justice (DOJ) transferred approximately $3.45 million in digital assets to a wallet controlled by Nirvana contributors. One hundred percent of these recovered funds will be distributed to users affected by the 2022 theft.

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Who is eligible (and how we calculate it)

Eligibility and allocation are based on each user’s equity in Nirvana just before the hack.
  • Snapshot time: Solana slot 143,465,874 (≈ five minutes before the hack at slot 143,469,271).
  • Equity formula:
    Equity = (ANA value + prANA value + NIRV value) − (NIRV debt)
    All values are computed using historical prices at the snapshot.
  • Included balances: ANA held in personal wallets plus ANA held in escrow (“staked”) are combined to reflect total ANA holdings for each user.
Your share of the restitution pool is proportional to your equity at the snapshot relative to the equity of all affected users. Example: If your equity equals 0.10% of the total, you receive 0.10% of the recovered pool (≈3,450 from a 3.45M fund).

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Claims process

  • Window: You have 365 days from the date the claims portal opens to submit your claim. The claims portal will close on December 16th, 2025.
  • Payout: Once your claim is approved, your full amount is sent to your wallet in a single on-chain transaction.
  • Fairness: The pro-rata method ensures every claimant is treated equitably according to their snapshot exposure.
Tip: Only use the official claims portal and never share private keys or seed phrases.

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Payments and METTA

Restitutions are paid in USDC and an equal amount of METTA. The METTA token entitles the holder to a share of protocol revenue in perpetuity. It is an additional compensation for the damages done by the theft. 10% percent of revenue from the ANA market will be directed to METTA holders.
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