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News

Sentiment Hacker Returns 414 ETH Stolen Funds After Receiving The Offer

April 6, 2023 - Around 2 mins mins to read

Key Points:

  • According to the Sentiment team, the hacker who exploited the flaw has refunded virtually all of the payments.
  • The hacker carried off the flaw on April 4, taking an estimated $1 million.
  • This has not been proven, although it looks to be the case, given current security incident statistics.
Sentiment stated that 90% of compromised cash had been restored as agreed upon following successful talks with the exploiter.
Sentiment Hacker Returns 414 ETH Stolen Funds After Receiving The Offer
Sentiment Hacker Returns 414 ETH Stolen Funds After Receiving The Offer 2

Sentiment offered a $95,000 promise to negotiate the restitution of stolen assets on April 5, as Coincu reported. The incentive was first provided through an Arbitrum blockchain on-chain transaction.

If the stolen monies are not returned by the deadline, the offer will be extended to anybody who assists in locating the assailant.

Sentiment did not make the offer public. However, the hacker seems to have accepted and returned the stolen monies. According to Taylor Monahan, creator of MyCrypto and Metamask, the attacker returned 414 ETH at about 10:30 p.m. UTC. The refunded monies are managed by a two or three-multi-sig wallet, according to PeckShield. More intriguingly, the prize looks to be worth about $98,000 to Tornado Cash.

Sentiment, on the other hand, has not acknowledged that it has received the payments, merely saying that the deal has been reached.

On April 4, Sentiment was hacked. While early estimates put the amount taken at $500,000, subsequent estimates put it as high as $1 million.

Sentiment announced after its first statement that it has suspended its primary contract to allow just withdrawals. The organization also announced that it was able to resolve the problem and that customers may now settle debts and unwind positions.

The team contacted law enforcement and worked with third-party auditors and security firms.

The event has been likened to a recent assault on Euler Finance. Nonetheless, that effort was also successful in negotiating the return of stolen goods.

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

Harold

Coincu News

ETH

hack

sentiment

Tornado cash

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Sentiment Hacker Returns 414 ETH Stolen Funds After Receiving The Offer

Key Points:

  • According to the Sentiment team, the hacker who exploited the flaw has refunded virtually all of the payments.
  • The hacker carried off the flaw on April 4, taking an estimated $1 million.
  • This has not been proven, although it looks to be the case, given current security incident statistics.
Sentiment stated that 90% of compromised cash had been restored as agreed upon following successful talks with the exploiter.
Sentiment Hacker Returns 414 ETH Stolen Funds After Receiving The Offer
Sentiment Hacker Returns 414 ETH Stolen Funds After Receiving The Offer 4

Sentiment offered a $95,000 promise to negotiate the restitution of stolen assets on April 5, as Coincu reported. The incentive was first provided through an Arbitrum blockchain on-chain transaction.

If the stolen monies are not returned by the deadline, the offer will be extended to anybody who assists in locating the assailant.

Sentiment did not make the offer public. However, the hacker seems to have accepted and returned the stolen monies. According to Taylor Monahan, creator of MyCrypto and Metamask, the attacker returned 414 ETH at about 10:30 p.m. UTC. The refunded monies are managed by a two or three-multi-sig wallet, according to PeckShield. More intriguingly, the prize looks to be worth about $98,000 to Tornado Cash.

Sentiment, on the other hand, has not acknowledged that it has received the payments, merely saying that the deal has been reached.

On April 4, Sentiment was hacked. While early estimates put the amount taken at $500,000, subsequent estimates put it as high as $1 million.

Sentiment announced after its first statement that it has suspended its primary contract to allow just withdrawals. The organization also announced that it was able to resolve the problem and that customers may now settle debts and unwind positions.

The team contacted law enforcement and worked with third-party auditors and security firms.

The event has been likened to a recent assault on Euler Finance. Nonetheless, that effort was also successful in negotiating the return of stolen goods.

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

Harold

Coincu News