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$20M exploit cripples Sonne Finance, hacker in no mood for negotiation

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Despite efforts to recover the stolen funds, the hacker moved a large portion to a new wallet, attempting to complicate traceability.

Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC. Efforts to recover the funds are ongoing.

However, the hacker seems to be in no mood for negotiations. According to blockchain investigator PeckShield, the exploiter has already moved a large chunk of the loot to a new wallet address.). The move suggests an intent to siphon the stolen funds through a privacy protocol like Tornado Cash to deter traceability.

They accused Sonne Finance of using Compound v2 despite knowing the risks and asked, “If this isn’t a premeditated backdoor, what is?”

 

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