Hacker Crema Finance returns funds

The Crema Finance protocol attacker returned most of the money to the venture and withheld a smaller quantity as a reward.

As reported by Coinlive, on three July the Crema Finance liquidity aggregator protocol on Solana was attacked by hackers, stealing a lot more than eight.seven million bucks in cryptocurrency, of which 69,422 SOL and six.five million USDC, and speedily converted. in ETH.

The trigger of the assault is mentioned to come from the flash loan characteristic and flaws in the project’s complaint charge mechanism.

Crema Finance then asked the hacker to return the funds with a pledge to depart him $ 800,000 as a reward for the bug.

By the morning of July seven, the venture claimed that the hacker had agreed to return the funds following the negotiation. As a consequence, Crema Finance acquired six,064 ETH and 23,967 SOL, equivalent to just about seven.9 million bucks. Under the agreement, the hacker will be ready to withhold SOL 45,455 ($ one.65 million) as a bug bounty.

According to safety exploration account zachxbt, the motive the hacker made a decision to collaborate on the venture was mainly because in the method of wasting assets, the hacker had a transaction with an deal with relevant to the Gemini exchange, threatening to reveal his identity.

In the previous, there have also been several scenarios of hackers getting “paid their salary back” by returning funds to tasks that have been attacked by them this kind of as the situation of Optimism or xCarnival.

Synthetic currency 68

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