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Tuesday, April 2, 2024

Hacker returns $792k following Sentiment supply of $95K for return of stolen funds

Sentiment.xyz is backing a $95,000 supply in an try to rearrange the return of stolen funds, as seen on the challenge’s Twitter web page on April 5.

Bounty provided to Sentiment hacker.

The reward was initially provided in an on-chain transaction on the Arbitrum blockchain. The decoded on-chain message reads, partially:

“To the hacker: we’ll give you [$95,000] and won’t pursue this, in case you return the cash by 8am utc 6 April…Do the appropriate factor.”

That message additionally says that the supply will as a substitute go to any particular person who helps find the attacker if the stolen funds should not returned by the deadline.

Sentiment didn’t publicly announce the supply. As a substitute, it retweeted one other person’s screenshot of the supply by itself Twitter account. As such, it appears to be the originator of the supply — although the anonymity of the transaction makes this unclear.

Studies from MyCrypto founder and Metamask developer Taylor Monahan counsel that the attacker returned 414 ETH ($792,000) round 10:30 p.m. UTC. In that case, the attacker seemingly exceeded the challenge’s request and initially returned many of the $1 million stolen. Nonetheless, Sentiment itself has not confirmed that it has acquired the funds.

The incident has drawn comparisons to a latest assault in opposition to Euler Finance. Nonetheless, that challenge equally managed to barter the return of stolen funds.

Sentiment noticed as much as $1 million stolen.

Sentiment was hacked on April 4. Although preliminary estimates positioned the quantity stolen at $500,000, later estimates steered as a lot as $1 million was stolen.

Following its first announcement, Sentiment stated it paused its important contract to permit solely withdrawals. The challenge moreover acknowledged that it has been in a position to patch the problem and famous that customers can now repay money owed and unwind positions.

Sentiment added that recovering funds is its main aim. As well as, it stated that it’s working with regulation enforcement and “shut contributors” to find the hacker — an effort that shall be pointless if the attacker is cooperating with the challenge.

The submit Hacker returns $792k following Sentiment supply of $95K for return of stolen funds appeared first on CryptoSlate.

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