Following the July 2, 2022 hack, the team behind the decentralized finance (defi) protocol Crema Finance detailed that the hackers returned about $ 8 million in crypto assets as a result of negotiations. .. According to the team, the hacker has agreed to receive a prize of 45,455 Solana in a white hat.
Hackers return $ 8 million in cryptocurrency to Crema Finance
On July 2, 2022, the defi project Crema Finance was used for approximately $ 8.7 million in crypto assets. according to A flash loan attack was used against blockchain audit firm Ottersec to suck up $ 8,782,446 worth of digital currencies.
Crema Finance Temporarily interrupted We have started investigating programs and exploits. On July 5, Crema Finance said the study was making “significant progress.”
“By tracking the original gas source of the hacker’s address, we targeted suspicious identities that may be related to the hacking incident. After further verification, new updates will be shared.” Crema Finance. Said on tuesday. In addition, the decentralized project team detailed that they received a response on the chain from suspicion of a hacker.Crema Finance I got it:
We have verified its credibility and have begun the negotiation process.
Most of the $ 2 billion of cryptocurrencies stolen in 2022 came from Defi exploits
After the negotiation process and the 45,455 Solana (SOL) bounty, the hacker seems to have returned two large amounts, ETH and SOL.
“After long negotiations, hackers have agreed to receive 45,455 SOL as a white hat bounty. We are currently confirming receipt of 6,064 ETH +23,967.9 SOL in four transactions … Follow-up reward plan 48 It will be released in time. “
The decentralized finance (defi) protocol was the victim of numerous hacks in 2022. In the first quarter alone, $ 1.3 billion of cryptocurrencies were stolen from people, exchanges, or the defi protocol. 97% of the $ 1.3 billion came from decentralized finance exploits, and $ 670 million was stolen from decentralized finance exploits in the second quarter.
According to a report written by Immunefi, most of the ciphers stolen from the decentralized exploit in the second quarter of 2022 came from four different projects. The four projects include Beanstalk, Harmony Horizontal Bridge, Mirror Protocol, and Fei Protocol.
Shortly before announcing successful communication with hackers, Crema Finance detailed that it had submitted a new codebase for auditing to blockchain security company Slowmist. “After the new audit is complete, the Crema protocol will be up and running again,” said the Crema Finance team. Said..
Occasionally, some defi projects are fortunate enough to be able to negotiate with attackers, and hackers decide to return some or all of the stolen funds. There are many attempts to talk to and reward hackers, but most defi projects can’t reach out to attackers and end up eating up losses.
What do you think about hackers returning $ 8 million in Ethereum and Solana after the bounty is offered? Please tell us what you think about this subject in the comments section below.
Image credit: Shutterstock, AIXabay, Wikicommons
Disclaimer: This article is for informational purposes only. This is not a direct offer or solicitation for a purchase or sale, or a product, service, or company recommendation or approval. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Both the company and the author, directly or indirectly, with respect to any damage or loss caused or allegedly caused by or in connection with the use or trust of the content, goods or services described in this article. We are not responsible.