‘Whitehat’ Hacker Returns $13.4M from Crew Finance Exploit
The particular person at the back of final week’s $15.8 million exploit of Crew Finance has returned $13.4 million price of funds to the affected projects.
On Sunday, blockchain safety agency PeckShield shared on-chain data that confirmed that the Crew Finance hacker’s take care of had sent back the majority of his profits from the exploit, preserving 10% of the stolen funds as a “worm bounty” for himself.
By returning the funds, the mission’s exploiter earned himself the title of a “whitehat” – a term used to convey ethical hackers who narrate their skills to alert projects to doable vulnerabilities, as in opposition to exploiting the code for their very possess revenue.
Recordsdata reveals that the whitehat hacker returned stolen funds to the affected crypto projects, in conjunction with $860,000 in ETH to the FEG token team, $756,000 in DAI and $626,700 in TSUKA to the Tsuka team, and $328,000 in ETH and $292,000 KNDX to Kondux.
The biggest recipient of stolen funds turned into a mission is notion as CAW, that noticed $5.5 million CAW and $5 million DAI sent back from the whitehat hacker.
The whitehat hacker initiated the strategy of returning funds by talking to the victims thru blockchain messages. A decoded message from the exploiter miniature print how he opted to empty the funds from Crew Finance with the supposed passion of the particular particular person projects in suggestions. After the exploit, the hacker claims to salvage tried to keep up a correspondence with Crew Finance but turned into allegedly met with resistance from the team.
The attacker claims to salvage then concluded that the actions of Crew Finance were suspicious and established a line of verbal substitute with particular particular person projects thru the blockchain. These projects then agreed to present the whitehat hacker a 10% bounty for returning the stolen funds to them.
Source credit : unchainedcrypto.com