Harvest Finance, an important decentralized financing protocol, appears to have appropriated a $ 100,000 reward after an attack of $ 24 million on liquidity pools.
In a tweet on October 26, Harvest Finance said there is currently enough data to identify a “well-known” attacker in the crypto community.
The $ 100,000 Harvest Finance award came shortly after the protocol was hacked earlier today, with the attacker allegedly taking advantage of nearly $ 24 million from Harvest Finance hubs and switching to renBTC (rBTC). Harvest Finance subsequently confirmed the breach and stated that the protocol “is actively working to reduce the economic attack on the Stablecoin and BTC hubs.”
The attacker then returned about $ 2.5 million in Tether (USDT) and USD Coin (USDC). “This will be split into affected shareholders using a snapshot,” Harvest Finance tweeted.
As part of the collaboration with Ren Protocol, Harvest Finance was able to determine which bitcoin addresses the funds were transferred to. Harvest Finance representatives then asked major exchanges, including Binance and Coinbase, to freeze the money that was allegedly stolen.
At time of publication, Harvest Finance’s FARM token has dropped nearly 60% in the past 24 hours. According to DeFi Pulse, the total value acquired in the Harvest protocol has also decreased from more than $ 1 billion on October 25 to about $ 570 million.