Hourglass Completes USDC Refunds for Erroneous Stable Plan Transactions

Hourglass confirms all accidental transactions in Stable’s second deposit phase have been refunded in full, with no project fees deducted and funds returned directly to originating wallets.

USDC

Fact Check
The evidence strongly supports the core elements of the statement, even though it doesn't confirm every specific detail. Multiple relevant sources corroborate that a refund event took place involving a project named 'Hourglass'. One highly relevant source provides a first-hand account of a successful withdrawal and directly links to 'hourglass.com/stable', confirming the connection between 'Hourglass' and the 'Stable Plan'. Other crypto-focused accounts also mention a refund policy for Hourglass.While the provided summaries do not explicitly state that the process is 'completed', that the cryptocurrency was 'USDC', or that the refunds were for 'erroneous' transactions, the collective evidence makes the statement highly probable. The existence of a successful user withdrawal and public discussion of a refund policy provides strong validation for the event itself. The unconfirmed details (completion, USDC, erroneous transactions) are plausible specifics of such an event, and there is no conflicting evidence to suggest they are false. The high relevance of the corroborating sources outweighs their lower authority scores, leading to a high confidence assessment.
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Summary

Hourglass issued an official statement confirming completion of refunds for accidental transactions during Stable’s second deposit phase. USDC sent directly to the contract or via specified functions has been fully returned to the original wallets, with no deductions for project fees. This resolves all identified erroneous cases from the phase.

Terms & Concepts
  • USDC: A stablecoin pegged to the U.S. dollar, used for transactions and holdings in the cryptocurrency ecosystem.
  • Pre-deposit plan: A funding arrangement where participants deposit assets in advance for a planned event or product launch.