Tender.fi’s Hacker Returns The Stolen Cash To The Platform For A $97,000 Reward
Key Points:
- The loan platform Tender.fi, which is situated in Arbitrum, reached out to the news after it recorded a 1.59 million dollar hack to negotiate about this matter.
- The reward is around $97,000, which is equal to 6% of the entire amount mined, and it is being provided through an on-chain message.
The hacker who compromised Tender.fi, an Arbitrum-based loan website, has committed to repay the stolen cash as well as receive funds from the platform.
Tender.fi was breached by a hacker wearing a white hat in the afternoon of March 7, and the individual stole $1.59 million. Tender.fi has put an immediate halt to all loan processing while they conduct their investigation. In exchange for a prize of $97,000 in Ether, the hacker who was responsible for mining on the decentralized financial lending site Tender.fi has returned the stolen assets (ETH).
Tender.fi verified the incident on Twitter shortly after, stating a “odd quantity of loans” and that the initiative has frozen all money, at 10:28 a.m. UTC on March 7. Take out a loan. According to blockchain data, the miner leveraged a pricing oracle bug to borrow $1.59 million in assets from the system by transmitting 1 GMX token, which is around $71. “It appears that your Oracle has been incorrectly set. “Please contact me to remedy this issue,” the hacker stated in an online post.
While gaining a lot of traction recently, the Arbitrum DeFi ecosystem has been plagued by security vulnerabilities. Hope Finance, which is next to Tender.fi, has been drained of 2 million USD and DEX ArbiSwap “rug pulling” customers. Eight hours later, the DeFi protocol claimed that it had struck an arrangement with the “White Hat” miner, under which the hacker would refund all debts less the 62.16 ETH “bonus,” which was worth 62.16 ETH at current values.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Tender.fi’s Hacker Returns The Stolen Cash To The Platform For A $97,000 Reward
Key Points:
- The loan platform Tender.fi, which is situated in Arbitrum, reached out to the news after it recorded a 1.59 million dollar hack to negotiate about this matter.
- The reward is around $97,000, which is equal to 6% of the entire amount mined, and it is being provided through an on-chain message.
The hacker who compromised Tender.fi, an Arbitrum-based loan website, has committed to repay the stolen cash as well as receive funds from the platform.
Tender.fi was breached by a hacker wearing a white hat in the afternoon of March 7, and the individual stole $1.59 million. Tender.fi has put an immediate halt to all loan processing while they conduct their investigation. In exchange for a prize of $97,000 in Ether, the hacker who was responsible for mining on the decentralized financial lending site Tender.fi has returned the stolen assets (ETH).
Tender.fi verified the incident on Twitter shortly after, stating a “odd quantity of loans” and that the initiative has frozen all money, at 10:28 a.m. UTC on March 7. Take out a loan. According to blockchain data, the miner leveraged a pricing oracle bug to borrow $1.59 million in assets from the system by transmitting 1 GMX token, which is around $71. “It appears that your Oracle has been incorrectly set. “Please contact me to remedy this issue,” the hacker stated in an online post.
While gaining a lot of traction recently, the Arbitrum DeFi ecosystem has been plagued by security vulnerabilities. Hope Finance, which is next to Tender.fi, has been drained of 2 million USD and DEX ArbiSwap “rug pulling” customers. Eight hours later, the DeFi protocol claimed that it had struck an arrangement with the “White Hat” miner, under which the hacker would refund all debts less the 62.16 ETH “bonus,” which was worth 62.16 ETH at current values.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Chubbi
Coincu News
Read More
Deutsche Bank and Standard Chartered Expands Into U.S. Crypto Market