Market maker Wintermute tells hacker to return funds or face legal action

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ICYMI: Market maker Wintermute tells hacker to return funds or face legal action

Sent at midnight UTC on Thursday, the message told the hacker to return the funds by end of the day, or else Wintermute would proceed to approach the authorities. It urged the hacker to accept a $16 million “whitehat” bounty reward and return the remainder of nearly $144 million back to Wintermute.

The message went on to say that if the hacker returned the funds, the person would be labeled as a"white hat," — a term given to ethical hackers. This points to an assurance that no legal action would be taken if the person complies with the request. “If the stolen funds are not returned by the deadline, you will force us to remove our bounty offer and white-hat label; we will then proceed accordingly with the appropriate authorities and avenues,” Wintermute wrote.On Tuesday, Wintermute’s Ethereum vault, a type of crypto wallet account holding its assets in a smart contract, was drained of $160 million in various crypto assets.

Wintermute used its Profanity-based address as an admin account to authenticate transactions on its Ethereum vault.

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IamNomad i don’t think North Korea cares

Maybe they should say “please” 😂

The Block really needs an editor before these articles are published

Are you aware of what iis happeniing on DEX

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Crypto market maker Wintermute says it was hacked for $160 millionHacks and exploits have become a common occurrence in decentralized finance, a parallel financial system in crypto that’s automated by software instead of... WinterMUTED
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »