Hacker returns all stolen assets to dForce DeFi project

by in Cryptocurrency News

dForce

The hacker refunded all the stolen stocks - about $ 25 million - to the Chinese DeFi project dForce.

Yesterday, the hacker returned dForce $ 2.79 million, and today the rest was given back. Sergey Kunz, CEO of 1inch.exchange said that the attacker had returned all the funds because his IP address was provided to Singapore police. “We responded very quickly... we protect user data, but in this case, it was necessary to help the police. The idea was to put as much pressure on the hacker as possible,” said Kunz.

The refunded stocks now cost about $ 24.3 million, which is slightly less than the amount of the stolen assets, because the hacker converted some tokens, and they lost in value:

Trending: Dubai World Trade Center To Become a Crypto Hub and Regulator

On April 19, dForce lost more than 99% of user assets. According to the assumptions of the developers of other DeFi protocols, the reason for the attack could be a fraudulent pledge in the imBTC Ethereum token, which is tied to bitcoin in a 1:1 ratio.