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News

Prisma Finance Hacker Asks The Team To Apologize After $11.6 Million Explosion

March 30, 2024 - Around 2 mins mins to read

Key Points:

  • Prisma Finance was hit by a $11.6 million DeFi exploit, prompting an investigation.
  • The Prisma Finance hacker claims “whitehat rescue,” demands team apology and transparency.
  • The hacker suggests a willingness to return most of the funds but only after Prisma Finance complies with their demands for transparency and security improvements.
Decentralized finance (DeFi) protocol Prisma Finance, reeling from an $11.6 million exploit on March 28, faces a new twist in the saga.
Prisma Finance Hacker Asks The Team To Apologize After $11.6 Million Explosion

Prisma Finance Hacker Claims ‘Whitehat Rescue,’ Demands Transparency from the Team

A self-proclaimed whitehat hacker, responsible for the exploit, now demands a public apology and KYC demonstration from the team, challenging the narrative of an attack.

The Prisma Finance hacker, who claims to have used Tornado Cash to mix over 3,000 ETH, accuses Prisma Finance of lacking sincerity, gratitude, and remorse in their response. They insist their actions were whitehat, maintaining they merely followed the terms of the smart contract. The hacker demands a press conference where team members reveal their identities, issue apologies, and discuss security improvements.

Prisma Finance, in response to the exploit, announced a protocol pause for investigation. However, the hacker’s actions complicate the situation, as they have begun converting stolen funds into Ether.

Prisma Finance Under Pressure After The Exploit

The Prisma Finance hacker’s message, delivered via on-chain communication, suggests a willingness to return most of the funds but only after Prisma Finance complies with their demands. They argue for greater responsibility in DeFi participation and urge teams to prioritize security measures.

This development adds complexity to an already turbulent situation for Prisma Finance. As the community awaits Prisma Finance’s response, the outcome of this standoff remains uncertain, with implications for the broader DeFi ecosystem.

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.

DeFi

Ethreum

hack

Prisma Finance

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

Prisma Finance Hacker Asks The Team To Apologize After $11.6 Million Explosion

Key Points:

  • Prisma Finance was hit by a $11.6 million DeFi exploit, prompting an investigation.
  • The Prisma Finance hacker claims “whitehat rescue,” demands team apology and transparency.
  • The hacker suggests a willingness to return most of the funds but only after Prisma Finance complies with their demands for transparency and security improvements.
Decentralized finance (DeFi) protocol Prisma Finance, reeling from an $11.6 million exploit on March 28, faces a new twist in the saga.
Prisma Finance Hacker Asks The Team To Apologize After $11.6 Million Explosion

Prisma Finance Hacker Claims ‘Whitehat Rescue,’ Demands Transparency from the Team

A self-proclaimed whitehat hacker, responsible for the exploit, now demands a public apology and KYC demonstration from the team, challenging the narrative of an attack.

The Prisma Finance hacker, who claims to have used Tornado Cash to mix over 3,000 ETH, accuses Prisma Finance of lacking sincerity, gratitude, and remorse in their response. They insist their actions were whitehat, maintaining they merely followed the terms of the smart contract. The hacker demands a press conference where team members reveal their identities, issue apologies, and discuss security improvements.

Prisma Finance, in response to the exploit, announced a protocol pause for investigation. However, the hacker’s actions complicate the situation, as they have begun converting stolen funds into Ether.

Prisma Finance Under Pressure After The Exploit

The Prisma Finance hacker’s message, delivered via on-chain communication, suggests a willingness to return most of the funds but only after Prisma Finance complies with their demands. They argue for greater responsibility in DeFi participation and urge teams to prioritize security measures.

This development adds complexity to an already turbulent situation for Prisma Finance. As the community awaits Prisma Finance’s response, the outcome of this standoff remains uncertain, with implications for the broader DeFi ecosystem.

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.