April 22, 2020 – In a surprising turn of events, the hacker who drained the funds of DeFi platform Lendf.me has returned the funds. Lendf.me is part of the dForce network.
This week, a hacker drained the funds of Lendf.me worth $24 million. Speculation is that the hacker used a vulnerability wherein they were able to withdraw funds without the balance being updated.
The hacker returned $126,014 to Lendf.me with a note that says, “Better luck next time”. Prior to that, Lendf.me was drained to just $6. Lendf.me sent a message to the hacker via the blockchain, with the note “please check your email”.
— Frank Topbottom (@FrankResearcher) April 19, 2020
Lendf.me next sent a message next with a note, “Contact us, for your future”.
— Frank Topbottom (@FrankResearcher) April 20, 2020
Soon after that, the hacker returned all the funds. Although, due to the dip in crypto prices, the entire returned fund is now worth $22 million instead of $25 million initially.
It was also found out that the hacker may have revealed himself after he leaked important “metadata”. It was revealed he was using a Chinese IP address and that he may be using a VPN or proxy. The VPN or proxy company can be issued a subpoena to obtain information on its users.
Of course, metadata such as IP addresses can be obscured, but it suggests there is hindsight on the part of the hacker. According to Sergej Kunz, the CEO of 1inch.exchange (which was used by the hacker to exchange some of the funds), the perpetrator might be a very good programmer but still inexperienced when it comes to hacking.
This article is published on BitPinas: Lendf.me Hacker Returns All Stolen Funds
BitPinas is an independent blockchain, finance, and cryptocurrency news site covering the crypto and blockchain news and developments in the Philippines. We aim to be the website where you can find all information on blockchain and crypto in the Philippines. We are read by investors and enthusiasts alike, including crypto/blockchain company founders and government personnel. Contact email@example.com for more information, consulting advice, and partnerships. Follow us on Facebook and Twitter.
Contact and Subscribe to BitPinas:
- Subscribe to our newsletter delivered every Monday, Friday, or when there’s breaking news you need to read on your email.
- Join BitPinas on Telegram
- Follow on Facebook and Twitter for the latest news and updates
- Disclaimer: All articles on BitPinas must be treated as not an investment advice. Readers are encouraged to do their own research. This website is not responsible for any loss incurred by the reader, nor will it take credit for their gains.
- For news tips, partnership discussions, or press release submissions, please send to firstname.lastname@example.org