Socket, which works to ensure that blockchains work in harmony with each other, managed to recover more than a thousand Ethereum.
In the social media statement made by Socket, “We successfully recovered 1,032 ETH involved in the incident on January 16th. “We will share a compensation and distribution plan for our users soon.” It was said.
Due to the security vulnerability experienced last week, some wallets that allowed the use of Socket contracts suffered financial losses. Blockchain security firm PeckShield in attack at least 3.3 million dollars He predicts that the cryptocurrency was stolen.
The attacker, taking advantage of the security vulnerability, broke the contract used by Socket. authorized to withdraw money from his wallet targeted investors’ wallets.
Steven Zhang, director of research at The Block, said: “Let’s say you transfer $1,000 of funds from the bridge, but you allow the bridge to use $2,000. “The remaining $1,000 you didn’t use could have been drained in this attack.” said.