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


👋 Want to work with us? CryptoSlate is hiring for a handful of positions!

Optimism hacker has confirmed they are a whitehat and asked the project developers to share a return address for the remaining tokens in their possession.

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

Wintermute CEO Evgeny Gaevoy asked the hacker to return the stolen funds if they’re whitehat within a week. He threatened to dox the hacker if they failed to return the funds.

Part of the statement reads,

We are 100% committed to returning all the funds, tracking the person(s) responsible for the exploit, fully doxxing them and delivering them to the corresponding juridical system. Remember that robbers need to get lucky every time. Cops only have to get lucky once.

However, it turned out the hacker was a whitehat after all. Before returning the funds, the hacker this morning sent one million OP tokens to Vitalik Buterin’s public wallet along with a message that said: 

Hello, Vitalik, I believe in you, just want to know your opinion on this. BTW, help to verify the return address, and I will return the remaining after you. And hello Wintermute, sorry, I only have 18M, and this is what I can return. Stay Optimistic!

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

In reaction to the hacker’s decision, Gaevoy tweeted an upside-down smiley emoji. Optimism also posted that it has received the stolen crypto while revealing that Wintermute “has committed to reimbursing the Optimism Foundation.”

The hacker will be keeping the remaining 2 million OP tokens as a bounty. Optimism foundation also confirmed that it is in the process of recovering the 1 million OP sent to Vitalik Buterin.

The news of the return has had a positive influence on OP price. The token has risen by 13.2% in the last 24 hours, making it one of the biggest gainers today.





Source link

Related articles

Binance Plans Kazakhstan Settlement Hub for CIS and Jap European Purchasers

Kazakhstan is attempting to show its new first-category cost organisation licence right into a regulated channel for crypto-linked regional settlement. Underneath a memorandum with the Nationwide Financial institution, Binance plans to create a...

Philippines Plans 12-Month Freeze on New Cost System Operator Registrations

The Philippines’ central financial institution is proposing a one-year pause on new payment-system operators because it rethinks who must be regulated contained in the funds chain. The draft round from the Bangko Sentral...

Kraken Information For CFTC-Regulated U.S. Perpetual Futures Product

Kraken mother or father Payward has filed to launch CFTC-regulated perpetual futures for eligible U.S. merchants by means of Bitnomial, the Designated Contract Market acquired by the corporate. The proposed merchandise would cowl BTC,...

Now you can play PS3 video games straight from the disc, with out proudly owning a PS3

Discs Matter: The workforce behind RPCS3 has introduced one other vital milestone for the undertaking. The PlayStation 3 emulator is now a step nearer to its unique aim: completely preserving...

I am skipping the iPhone 18 Professional Max this yr, however the foldable Extremely? I would like it actual unhealthy

ZDNET’s key takeaways The iPhone 18 Professional Max might not supply sufficient to justify an improve. Apple’s first foldable iPhone is predicted to debut this fall. The Extremely’s giant display screen and iPad-like software...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com