Hacker Crema Returns $8 Million, Keeps $1.6 Million Under Protocol
The Crema Finance team awarded the hacker who seized nearly $10 million in Protocol 16 funds, 7% of funds stolen as white hat bonus.
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The hacker who exploited Solana-based liquidity protocol Crema Finance on July 2 returned most of the funds, but was allowed to keep $1.6 million as a white bounty.< /p>
The bounty, 45,455 Solana (SOL), is worth 16.7% of the $9.6 million lost by Crema initially, which forced the protocol to suspend services.
The Crema team has launched an investigation to identify the hacker by tracing his Discord ID and tracing the original gas source for the hacker's address. Just when it looked like the team might be over the secret identity, she announced that she had negotiated with the hacker. On Wednesday, the hacker returned 6,064 Ether (ETH) and 23,967 SOL worth around $8 million.
After a long negotiation, the hacker agreed to take 45455 SOL as a white hat bonus. We have now confirmed receipt of 6064 ETH + 23967.9 SOL in the four transactions shown below. A follow-up compensation plan will be published within 48 hours.
— CremaFinance (@Crema_Finance) July 6, 2022The hacker returned the funds in a series of transactions on the Ethereum and Solana networks. The first transaction on each network was a test with a negligible amount of coins, while the next one was worth the majority of the funds sent.
Crema users and the team have reason to rest now that funds have been secured, but there is still work to be done. The team announced on Tuesday before the deal closed that they submitted new code for review to ensure the same exploit doesn't happen again.
Although the community has...
The Crema Finance team awarded the hacker who seized nearly $10 million in Protocol 16 funds, 7% of funds stolen as white hat bonus.
New
The hacker who exploited Solana-based liquidity protocol Crema Finance on July 2 returned most of the funds, but was allowed to keep $1.6 million as a white bounty.< /p>
The bounty, 45,455 Solana (SOL), is worth 16.7% of the $9.6 million lost by Crema initially, which forced the protocol to suspend services.
The Crema team has launched an investigation to identify the hacker by tracing his Discord ID and tracing the original gas source for the hacker's address. Just when it looked like the team might be over the secret identity, she announced that she had negotiated with the hacker. On Wednesday, the hacker returned 6,064 Ether (ETH) and 23,967 SOL worth around $8 million.
After a long negotiation, the hacker agreed to take 45455 SOL as a white hat bonus. We have now confirmed receipt of 6064 ETH + 23967.9 SOL in the four transactions shown below. A follow-up compensation plan will be published within 48 hours.
— CremaFinance (@Crema_Finance) July 6, 2022The hacker returned the funds in a series of transactions on the Ethereum and Solana networks. The first transaction on each network was a test with a negligible amount of coins, while the next one was worth the majority of the funds sent.
Crema users and the team have reason to rest now that funds have been secured, but there is still work to be done. The team announced on Tuesday before the deal closed that they submitted new code for review to ensure the same exploit doesn't happen again.
Although the community has...
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