SafeMoon hacker agrees to return 80% of stolen funds

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The SafeMoon hacker agrees to return 80% of the stolen funds taken in final month’s liquidity hack, per @SafeMoonSpidey.

SafeMoon drained for $9 million

On March 28, a wise contract vulnerability was exploited, resulting in a liquidity drain that netted the attacker $9 million in tokens.

Within the weeks that adopted, the SafeMoon group voiced their dissatisfaction with the shortage of significant updates on the matter.

For instance, a latest publish saying “New #SAFEMOON app builds submitted!” was panned for being bold and labeled a distraction to gloss over the hack. Likewise, SafeMoon CEO John Karony’s requires persistence had been slammed as repetitive and avoidant.

Hacker to return 80% of funds

In accordance with @SafeMoonSpidey, each events struck a deal wherein the hacker would return 80% of the funds – leaving him to maintain 20% with no prices filed in opposition to him. An on-chain message learn:

“After cautious consideration of the circumstances, it’s believed that is the most effective in the most effective curiosity of SafeMoon and the group.”

@SafeMoonSpidey stated it’s “fairly potential” that the workforce was holding out for this decision earlier than “updating the app.”

Some replies raised the problem that the hacker was rewarded for legal conduct. @SafeMoonSpidey most popular to name the 20% reward a white hat bounty reward. Furthermore, he added {that a} return of 80% is best than nothing.

The publish SafeMoon hacker agrees to return 80% of stolen funds appeared first on CryptoSlate.

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