BadgerDAO, which was hacked last week and lost $119 million, is now asking with the hacker to recover the funds.
An unknown hacker or hackers stole around 2,100 BTC ($118,500,000) and 151 ETH ($679,000) worth of cryptocurrency tokens from the BadgerDAO blockchain startup last week.
BadgerDAO, a blockchain "bridge" technology, is now asking with the hacker to return the funds.
"You have misappropriated funds that are not yours, but we are willing to work with you and recompense you for spotting this In a public release, BadgerDAO stated that there was a vulnerability in the systems. "We're giving you a direct line of communication so you may talk about a peaceful settlement without involving anyone else." Contact us for more information and to do the right thing for the community."
BadgerDAO was hacked via an old-school web-based attack: the hacker was able to obtain an API key that enabled them access to BadgerDAO's account on Cloudflare, the project's content delivery network. This allowed the hacker to insert a malicious script onto the site, prompting visitors to provide wallet permissions, allowing the hackers to steal customers' cryptocurrency.
While it may appear that requesting a robber to return the earnings of their crime is a fruitless technique, it has worked in the past.
Poly Network, a famous cryptocurrency platform, was hacked earlier this year, resulting in a $600 million loss. The company wrote a public letter to the hacker, addressed to them as "Dear Hacker" and "Mr. White Hat," and pleaded for their cooperation. Surprisingly, the technique succeeded, and the hacker eventually returned all of the stolen assets after multiple public trades on the blockchain.
For the time being, those connected with BadgerDAO are unsure if this will work.
"I'm not comfortable voicing my personal opinion about it in public." In an online chat with Motherboard, a core team member of the Badger team, who goes by the name Jonto, said, "We have specialists handling the strategy and don't want to possibly impact it." "The team is primarily focused on reopening the protocol and remuneration plans for discussion by the community."
Cryptocurrency projects and exchanges have had a particularly rough week. Hackers stole roughly $150 million from BitMart, a cryptocurrency exchange that advertises itself as "the most trustworthy crypto trading platform," over the weekend. The corporation has committed to compensate the victims from its own reserves, and it hasn't requested the hacker to return the money yet.
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