In this post. Cryptocurrency lender Shezmu has managed to recover about $5 million worth of assets after being hacked.
The Shezmu team gave the attackers 24 hours to return the funds, as well as a reward of 10% of the hacked amount.
#cryptocurrency lender Shezmu today successfully recovered about $5 million worth of assets that were lost in the hack.
Cao Fan Shoufang warned X website that the lender's vault had been hacked and said he did not know whether it was a real hack or an attempt to steal funds. Shoufan noted that $4.9 million worth of ShezUSD tokens were stolen in the attack.
ShezmuTech was hacked/stolen. ~$4.9 million ShezUSD was stolen.
In another X-message later, the lender's team confirmed that the ShezmuUSD stablecoin vault had been hacked and funds lost. The company urged the attacker to return the funds in exchange for a reward and promised that there would be no legal repercussions from the attack.
the team urged the attacker to return the funds within 24 hours with a 10% reward. It also stated that if the attacker did not return the funds within that time frame, legal action would be taken.
the team returned 80% of the stolen funds after negotiating with the hacker up the chain of command. The team reminded the hacker that his wallet was linked to the KYC exchange and that if the hacker returned the funds, the incident would be considered a "white hat" hack.
a few hours after the incident, the team received the stolen #Dai tokens on their wallet. The hacker first sent 282.18 Ether and then 137 WETH.
The team urged investors and users of the protocol to avoid interacting with the Oasis vault on the platform until further notice.
The Indian #cryptocurrency exchange #WazirX reportedly recently lost funds worth $230 million to a hacker attack. However, the exchange has done nothing to trace these funds. Moreover, WazirX has not officially acknowledged the hack and holds the custodians responsible for the loss of funds.
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