This is a reply to calls for comments made on Subsquare.
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First and foremost, sorry for the damage caused to all Hyperbridge’s LPs. Hacks and losses like these reduce financial pain and loss to numbers, news, statistics and influencers posts something that is not optimal to measure the financial and reputational damage caused by such events. Being in Crypto for as long, witnessing Euler’s exploit first row, helps understand it from all the perspectives.
Second, Saxemberg is no longer a W3F delegate of their stake and it’s not fulfilling any role with or within the W3F directly or its stake following this announcement.
So this comes as company with Hyperbridge collators and rekt LP Hyperbridge provision. You won’t see a bailout from Polkadot to Hyperbridge LPs because there is no systemic risk which simply means the main entities in the network and not affected or not that affected. Ethereum is scrambling to save AAVE because its close connection to Ethereum’s founders’ funds, means of production and future income. Circle already realized that and others are doing it too.
Even in the event of one (according to Polytope’s last post, any hole will be filled with BRIDGE tokens starting from 2027 
), you first need to ask for clarification to Hyperbridge about the amounts held in their control and the amount of bad debt like the DOT from LPs that was arbitraged out of their possession (we should know about that when the 15 day period expires, right?), the amount held by exchanges vs the one that was already considered gone (Tornado’d, etc). That is the job of Hyperbridge / Polytope Labs and partners who have not been able to provide any concrete answers of amounts or timelines. With that information it’d be easier to estimate real losses, potential haircuts to LPs and potential real recovery because as many already understand, everything that entered Tornado or similar is already gone and claiming that law enforcement is working on recovery of Tornado’d funds would be wishful thinking that has almost never happened even if they were “caught in 4K”. All that can be realistically recovered are tokens that went though an exchange. So unless Polytope comes with a real picture in a timely manner most if not all of these ideas are moot and will be likely voted against completely if a Polkadot referendum were to be launched.
So hopefully a real picture of losses and potential recovery plus tokens given through the DeFi singularity campaign could be used to cover the bad debt by now. Just like Yearn did with OP. And that in theory shouldn’t need a vote anywhere as those ref 1439 funds are available and there is no reason not to disburse those tokens to affected parties. But again that should come through communication from Polytope who hasn’t confirmed that yet. Honestly, that could happen much sooner, even if the 2.5M figure remains fully unrecovered the funds for 1439 should be disbursed as soon as possible to the distressed LPs which should cover more or less 30-32% of their position.
In any event, hopefully new meaningful communication shows up from the team with real timelines and figures in order to plan ahead significantly.