Wintermute had lost USD $20 million worth of OP tokens from Optimism this week, after using the wrong address; but the hacker decided to act in good faith and return some of the money.
- A hacker stole 20 million OP tokens from Wintermute.
- Wintermute gave the wrong address to Optimism for the receipt of the tokens.
- In a turn of events, the hacker reimbursed some of the money.
- Before returning the funds, the attacker contacted Vitalik Buterin.
It seems that they kept optimistas .
After experiencing a hacking hacking is the process of using a computer to manipulate another computer or computer system in an unauthorized fashion. attack that resulted in millions of dollars of losses in tokens OP of Optimism the platform a place to buy, sell and store cryptocurrency team Wintermute now enjoys a bit a bit is a basic unit of information in computing. of luck, as the hacker has decided to return some of the stolen money.
The scalability solution of Ethereum a decentralized open-source blockchain with smart contracts functionality. , Optimism announced in the middle of this week that a malicious actor had interfered in a transaction of tokens OP that was intended for the creator of cryptomarkets. Wintermute, taking a sum of about USD $20 million. The hacker allegedly exploited a breach when Wintermute provided the team with Optimism an incorrect blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. address.
In a communiqué published on Wednesday the CEO of Wintermute Evgeny Gaevoy took responsibility for allowing the theft. ” Cometimos un grave error “, se reprochó.
Hey folks—in the interest of transparency (????,????), the address has returned a majority of the OP, and @wintermute_t has committed to reimbursing the Optimism Foundation for the remaining 2mm OP, which was kept as a bounty. https://t.co/jtElgPdNPk
— Optimism (✨????_????✨) (@optimismPBC) June 10, 2022
Optimism a layer 2 network, launched at the end of May its OP native token with the aim of further decentralizing its protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. governance in the world of cryptocurrencies, governance is defined as the people or organizations that have decision-making powers regarding the project. process, as noted byThe Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain.. The team made an airdrop a marketing campaign that distributes a specific cryptocurrency or token to an audience. (free distribution) of OP tokens to its users on May 31 and reserved some of the supply to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. external parties.
In the midst of the much anticipated airdrop, Wintermute would receive an amount of 20 million OP tokens. as a loan to be used for “ provide liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. in the OP token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. by trading on centralized a centralized organizational structure is one in which a single node or a small number of them are in control of an entire network. exchanges “, as he explained Gaevoy . However, without realizing it, the team gave the Optimism an incorrect wallet a place where cryptocurrency users can store, send and receive digital assets. address to receive the funds.
Things went wrong when Wintermute mistakenly provided an address for Ethereum multi-signature system, which had not yet been implemented in Optimism . As he explains Cointelegraph the reason was that el contrato inteligente that was intended to be used to accept the tokens was still at Layer 1 and had not been updated to be implemented in Optimism .
This technical error opened a backdoor a backdoor refers to any method that can circumnavigate regular authentication and authorization procedures to gain root or high-level access to a system, computer, application, or network. Backdoors are commonly installed through remote file inclusion (RFI), which identifies a weak component in an application or a network. This type of channel allows direct control over an infected device to manipulate data, deploy more malware, or create a zombie network of infected computers for criminal activity. for a malicious actor to take over the funds. Gaevoy said that Wintermute tried to recover the lost money after realizing what happened, but the attacker went ahead, draining the 20 million OP tokens, valued at just over USD $20 million at the time. The hacker sent the money to a wallet under his control, and then also sent it to a wallet under his control. diverted some funds to an address of the creator of Ethereum , Vitalik Buterin for no apparent reason.
Hacker returns USD $17 million from OP
After the unfortunate event, the developers of Wintermute approached the community to say that the mistake was “a mistake”. 100% “and that they would progressively buy themselves out of their guilt and that they would tokens OP to return the planned liquidity to the protocol. “ We understand that this can potentially create price volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. in the token and will do our best to smooth the effect. “, aggregó Gaevoy.
However, this Friday, events have taken an unexpected turn after the hacker in question repaid almost all of the funds. The attacker returned 17 million tokens OP to an address belonging to Optimism in a total of 17 transactions, as collected by CoinDesk , pero not before leaving a message to Buterin :
Hi, Vitalik, I believe in you, I just want to know your opinion on this. By the way, help me verify the return address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. and I’ll return the rest. And hi Wintermute, sorry, I only have 18M and this is what I can return. Stay optimistic!
According to reports, the return came after the hacker cashed out 1 million OP and sent an additional 1 million OP to Buterin, who had indicated he was working toward the return, according to Optimism . The hacker withheld the remaining one million OP tokens as a reward.
Previamente, como señala Cointelegraph , Wintermute had offered to accept the incident as an exploit of “ white hat ” if the hacker agreed to return 19 million of the tokens within a week. Although this was before the exploiter liquidated some of the money and sent some to Buterin. Gaevoy, for his part, had been hesitant about the possibility of ethical action on the part of the attacker.
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Article by Hannah Estefania Perez / DiarioBitcoin
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