The platform team, which lost about $ 9 million as a result of the hack, agreed to leave the hackers 20% as a reward
DeFi protocol SafeMoon entered into a “settlement agreement” with hackers who stole about $9 million from the project at the end of March. The platform agreed with the return of 80% of the stolen funds, which it wrote to the hackers in a comment on the transaction sent to them.
DeFi project SafeMoon was hacked on March 28th. As a result of the attack, the platform lost about $9 million. Analysts found that the vulnerability appeared as a result of a previous code update. Immediately after the hack, the developers fixed it and began investigating the incident.
A few hours after the attack, the hackers themselves contacted the SafeMoon project team. They reported that the attack was accidental and offered to contact them by email.
On March 28, the liquidity pool of the SafeMoon (SFM)/BNB cryptocurrency pair was compromised, platform head John Caroni said. According to him, the hack did not affect other pools and the SafeMoon crypto wallet, user funds are safe. According to the transaction, the SafeMoon DeFi project lost about $9 million as a result of the hack.
“We discovered the suspected vulnerability, fixed it, and are engaging an on-chain forensics consultant to determine the exact nature and extent of the incident,” Caroni said.
PeckShield analysts have determined that the vulnerability resulted from a previous code update. It allowed the hacker to manipulate the price of the SFM token and withdraw “wrapped” BNB (WBNB) worth about $9 million from the contract.
The rate of the SafeMoon token after the message about the hack fell by 30% – from $0.00023 to $0.00016, SFM is trading at $0.00019.
On the evening of April 18, SafeMoon sent a transaction to the hackers, in which they said that they had reached an agreement with them to return 80% of the stolen funds. The other 20% will be kept by the hackers as a reward. In addition, SafeMoon has agreed not to file any lawsuits against the hackers.
At the end of March, in the same way – through correspondence in blockchain messages – the Euler Finance team, from which about $ 200 million in cryptocurrencies were stolen, was able to agree with the hacker on the return of funds.
The hacker behind the theft of almost $200 million worth of crypto assets from the Euler Finance protocol has apologized and returned about $175 million in Ethereum and DAI stablecoin. He promised to return the rest of the amount later, saying that the delay was justified by his fears for his safety.
“This is Jacob. I don’t think my words will help me in any way, but I still want to say it. I screwed up. I didn’t mean it, but I hurt other people’s lives. I really screwed up. I’m really sorry. I didn’t want all this. Forgive me,” the hacker wrote in a comment to the blockchain transaction.
In mid-March, the Euler De-Fi protocol was hacked , as a result of which DAI, WBTC, stETH and USDC tokens were stolen for a total of $197 million. The developers set a $1 million reward for catching the attacker and entered into correspondence with him in blockchain transactions.
