A few days after the theft, the dForce project succeeded in recovering $25 million in cryptocurrency
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Answer A few days after the theft, the dForce project succeeded in recovering $25 million in cryptocurrency
We have previously mentioned in previous topics about the theft of $ 25 million from the dForce decentralized financing protocol, which occurred over the weekend, and then news reports appeared alluding to the return of the stolen funds by hackers to their owners, and yesterday at 6 pm UTC the money was returned, which was done His confirmation is according to data published in the Ethereum blockchain that the funds were transferred from an address called “Lendf.Me HackTo the address of the project supervisor Lendf.Me.
The recovery process involved transfers, some of which are very large, such as a transaction of 57,992 Ethereum, a sum of about $10 million.
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Other transactions included several stablecoins pegged to the dollar – such as USDT, BUSD, TUSD, DAI, USDC, HUSD, and PAX – totaling nearly $10 million.
In addition, a total of 581 units of WBTC, HBTC and imBTC tokens that are tied to Bitcoin were also returned as underlying security, totaling around $4 million at the current Bitcoin price.
Oddly enough, the hackers didn’t return exactly the same asset balance that was stolen, but they did return some value in other types of stolen tokens.
The recovered amount was estimated at approximately $24 million.
It is not known why the amount stolen from the hackers was returned to dForce.
As a reminder, the hack took place on Lendf, one of the dForce-supported protocols that saw $25 million of cryptocurrency exit its wallets over the course of three hours on Sunday morning.
dForce recently received a strategic investment of $1.5 million led by Multicoin Capital and joined forces with Huobi Capital and China Bank CMB International, with the goal of increasing the organization’s headcount and launching additional DeFi products next year.
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