In accordance with the blog post from Dec 6th, the Foundation accepts and agrees with the Euler Labs conclusion and intends to refund the two remaining users, $26,601 and $13,593 USDC.
Please note that there was a third user that was already refunded because that situation had no impact to the DAO or Treasury funds.
Unless direct objections are registered by the Euler DAO via vote at forum.euler.finance, the refund will be executed from the Treasury wallet on or about Dec 13th.
This refund is proposed solely as a one-time, discretionary measure in response to the specific incident described here. Nothing herein shall be construed as a waiver, amendment, or limitation of the existing Terms of Use, which remain in full force and effect. This action does not establish any precedent for future refunds or remedies, and the Company, Euler DAO, and associated parties expressly reserve all rights and defenses under the Terms of Use.