LIVE#Hacker suffered losses after hacking DeFi project Raft
DeFi platform Raft lost about $3.3 million in Ethereum as a result of a hack. But the attack likely brought only losses to the attacker, experts found.
An analyst under the nickname 0xngmi noted that the hacker withdrew a total of 1577 ETH (~$3.3 million) from the protocol. However, he sent 1570 ETH to the burn address, and only 7 ETH to his wallet.
For the attack, the attacker used 18 ETH, transferred through the Tornado Cash mixer . But after all the transactions and paying commissions, he was left with 14 ETH.
“The son of a bitch could go to jail for losing 4 ETH,” the expert wrote.
Raft provides the ability to issue the US dollar-pegged stablecoin R backed by liquid ether derivatives like stETH from Lido Finance .
The head of research at Wintermute, Igor Igambergiev, revealed the attack scheme. The attacker created two “child” contracts to issue 3000 R using 2 cbETH. He then liquidated the collateralized positions with 1,000 ETH obtained through flash loans .
