2 Reasons Why Ethereum DeFi Hacker Returned $25 Million in Hacked Funds

Hacker returns $25m in hacked crypto

The weekend saw an exploit of the dForce DeFi protocol which netted hackers $25 million worth of crypto. This consisted mostly of Ethereum and stablecoins, with Bitcoin bringing up the tail end of assets stolen.

But in a stunning turn of events, the attacker has since returned the stolen funds. Observers believe this was due to poor hacking practice that left his identity exposed.

Mostly Ethereum Stolen in dForce Attack

On Saturday night there was an attack of the Lendf.Me open-source market protocol, which is part of the dForce network of DeFi protocols.

dForce currently operates two protocols, the other one being USDx. This is a meta-stablecoin that is pegged against a basket of regulated stablecoins in USDC, PAX, and TUSD. Read More

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When I came up with Ethereum, my first first thought was, 'Okay, this thing is too good to be true.' As it turned out, the core Ethereum idea was good - fundamentally, completely sound