According to an announcement by security company PeckShieldAlert, the hacker group that attacked the vulnerability in the Defi key and cryptographic platform Team Finance has returned $13.4 million to the platform.
Looks like the cryptocurrency has been returned to Team Finance. The hacker returned 548.7 ETH to FEG, 765,000 DAI and 11.8 million TSUKA to Tsuka, 5 million DAI and 746,000 CAW to CAW, and 209 ETH to KNDX.
Last week, the DeFi financial key protocol Team Finance said that over $14.5 million in tokens were mined through the Uniswap v2 to v3 migration function on the platform.
According to reports, hackers unbelievably upgraded WTH, CAW, USDC, TSUKA tokens from Uniswap v2 assets on Team Finance to an attacker-controlled v3 pair with misleading valuation. By locking the tokens into the contract, the attacker bypassed the existing validation mechanisms and pocketed the huge excess as a return for the profit.
Immediately after the project’s development team halted the protocol to fix the bug and contacted the hacker to get the stolen funds back, the hacker would receive a bug bounty.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
CoinCu News
BTFD Coin is offering a chance to relive the glory days of meme coin investing,…
Explore key takeaways from BlockDAG’s AMA, showcasing strides in scalability, growth of the ecosystem, and…
Discover why Qubetics, Polkadot, and Cosmos are the best cryptos with 1000X potential, offering innovation,…
Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…
The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…
The Bitcoin quantum computing threat is years away, but reserves already support post-quantum signatures via…
This website uses cookies.