According to the data, last week cryptocurrency The attacker behind the $14.5 million hack by launchpad, Team Finance, spent four weeks over the weekend. altcoin returned nearly $7 million worth of tokens to its project.
Team Finance reportedly suffered a $14.5 million hack over a smart contract bug in the migration feature.
Hacker Who Stole Millions of Dollars Cryptocurrency From Altcoin Projects Calls Himself “White Hat”
Blockchain security firm SlowMist said in a tweet Monday that the attacker described himself as a “white hat hacker” in messages pasted into transactions.
A white hat hacker is an attacker or hacker who attacks any software with the aim of making that service better or more secure, as opposed to malicious intent.
$765,000 worth of stablecoins DAI and 11.8 million TSUKA The token was returned to blockchain protocol Tsuka, which confirmed its receipt. The non-fungible token (NFT) marketplace Kondux receives 209 Ethereum (ETH), i.e. 95% of the stolen funds. Feg Token 548 Ethereum took.
With the hacker’s attack on the Team Finance platform, many projects that locked tokens on this platform became unsustainable.
The one who took the biggest hit during the attack cawcoin, Over $5 million DAI and 74.6 billion CAW have received their native tokens.
The attacker confirmed the deposit addresses of all affected projects in various blockchain messages. The messages were generally inconsistent, but the attacker said he would keep 10% of the stolen funds as a reward.
*Not investment advice.
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