On November 14, an anonymous party leveraged $ 5.4 million in DeFi express loans. However, a number of individuals recovered some of the stolen money after the hacker asked to use the input on the Ethereum blockchain.
According to Etherscan, hacker Dai sent $ 95,000 to two victims, posting Sunday messages available in Ethereum Block Explorer listings.
“You lost $ 100,000 in your attack,” said a victim who identified himself as a nurse. “This is all my savings. Hope you can return it to me.”
“My grandparents and my parents sent me the savings for the high return they boasted,” said another, noting that he was a 19-year-old student living in the UK and losing $ 200,000. “I would be grateful if I would return the money and give it back to my family.”
Although the hacker gave 50,000 Dai to the nurse and 45,000 Dai to the 19-year-old, they had a message for both of them. The hacker concluded that their attack was a “hard love” lesson for investors:
“I do not expect to receive your money, but as we have seen, there are many people here who lack knowledge and care, and sooner or later this money will be lost. Some wounds are painful but very effective.”
At the time these messages were posted, several similar affected users had sent out microtransactions with attached messages asking the hacker to retrieve them. At the time of publication, there were no outgoing transactions since yesterday from the address associated with the utilization.
According to an autopsy report from Value DeFi released on Sunday, the exploitation began when a user received an express loan of 80,000 Ether (ETH) – around 37 million dollars at the time of publication – from Aave’s lending protocol in addition to buying 116 million dairies. And 31 million Tether (USDT). The attacker then swapped 25 million Dai for a mvUSD stable currency, 91 million DAI for USD Coin (USDC) and 31 million USDT for 17 million USDC. Each exchange is designed to use the courses used to withdraw funds from the safe.
The protocol states that it will set up a compensation fund for affected users, and it has contacted the hacker as part of their own transaction in an attempt to “increase the process”. Etherscan records show that Value DeFi offered the hacker a reward of $ 1 million for recovering $ 5.4 million in Dai. Since then, however, there has been no response from the hacker and no outgoing transactions.
“All the teams in this field are developing technologies that are extremely risky and that by their nature do not have the time to thoroughly analyze and test them,” said Valio Davy. “Whether your funds are drawn on the Value DeFi protocol or other DeFi projects, there is always an element of risk when it comes to smart contracts and increasingly complex distributions.”
The value of the $ VALUE token is $ 2.02 at the time of release, down more than 26% from the pre-production price of $ 2.74 on Saturday.