HomeNewsOptimism hacker confirms they are whitehat, returns most of stolen funds

Optimism hacker confirms they are whitehat, returns most of stolen funds


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Optimism hacker confirms they are whitehat, returns most of stolen funds

Optimism hacker has confirmed they are a whitehat and requested the challenge developers to allot a return take care of for the final tokens of their possession.

The hacker stole 20 million OP tokens from Optimism by exploiting a failed transaction sharp liquidity provider Wintermute.

Wintermute CEO Evgeny Gaevoy requested the hacker to advance the stolen funds if they’re whitehat within per week. He threatened to dox the hacker if they no longer advance the funds.

Allotment of the assertion reads,

We’re 100% dedicated to returning the whole funds, tracking the person(s) guilty for the exploit, absolutely doxxing them and handing over them to the corresponding juridical gadget. Remember that robbers deserve to ranking fortunate on every occasion. Police officers most attention-grabbing deserve to ranking fortunate once.

On the opposite hand, it grew to turn out be out the hacker used to be a whitehat in the end. Earlier than returning the funds, the hacker this morning despatched one million OP tokens to Vitalik Buterin’s public wallet alongside a message that talked about:

Howdy, Vitalik, I ranking in you, appropriate deserve to know your thought on this. BTW, back to overview the return take care of, and I will return the final after you. And hello Wintermute, sorry, I most attention-grabbing ranking 18M, and right here’s what I will return. Discontinuance Optimistic!

Six hours after that, they started returning the 18 million in a batch of 1 million per transaction. To this level, the hacker has despatched 17 million OP tokens to a wallet Gaevoy claimed belongs to Optimism.


— wishful cynic (@EvgenyGaevoy) June 10, 2022

In response to the hacker’s resolution, Gaevoy tweeted an upside-down smiley emoji. Optimism also posted that it has bought the stolen crypto whereas revealing that Wintermute “has dedicated to reimbursing the Optimism Foundation.”

Over the previous few hours, the take care of opened a line of verbal replace with Wintermute on-chain and 17mm of 20mm OP has now been returned. There used to be also 1mm despatched to @VitalikButerin the day before at the present time (🤷‍♂️) which is being recovered.

We are able to proceed to publish updates as they advance in.

— Optimism (✨🔴_🔴✨) (@optimismPBC) June 10, 2022

The hacker will seemingly be maintaining the final 2 million OP tokens as a bounty. Optimism foundation also confirmed that it is within the plot of convalescing the 1 million OP despatched to Vitalik Buterin.

READ MORE:   Green shoots? Institutional crypto funds see first inflows in 5 weeks

The news of the return has had a determining impact on the OP ticket. The token has risen by 13.2% within the final 24 hours, making it one of many greatest gainers at the present time.

Disclaimer: This article is for informational capabilities only. It is no longer an immediate offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any merchandise, services, or companies. We no longer provide funding, tax, neatly suited, or accounting advice. Neither the corporate nor the author is guilty, straight or no longer straight, for any injury or loss precipitated or speculated to be precipitated by or in connection with the usage of or reliance on any insist, items, or services mentioned in this text.


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