The hacker has identified themselves as a whitehat, i.e a hacker who identifies vulnerabilities in a software and has no malafide intentions. However, the hacker will be keeping 10% of the exploited funds as bug bounty.“All user funds are unaffected and safe,” the website reads.about the hack on their platform on 27 October, which led to a loss of $14.5 million. The exploit occurred during the platform’s migration from Uniswap v2 to v3.
The protocol, which has $3 billion secured over 12 blockchains, immediately suspended all activities on the platform and urged the hacker to get in touch in order to discuss a bug bounty.show the plight of the users affected by this exploit. Helpless users lined up in the hacker’s chat box to request refunds. The hacker responded by clarifying that he is a white hat and plans to return the majority of the looted funds.
Even as the month ends, bad actors in the space continue to exploit crypto-projects, cementing October’s name as