Decentralized Finance industry 53-hour chase for the culprit: $25 million in assets completely recovered after being stolen.

robot
Abstract generation in progress

The DeFi field has recently experienced a thrilling event that lasted for 53 hours.

Fortunately, the attacker's methods were not sophisticated this time. On the second day after the assets were stolen, the security team successfully created a profile of the attacker based on the clues left before and after the attack. They then collaborated with various parties at home and abroad, cross-referencing information and making breakthrough progress, gradually closing in on the attacker. By the third day, under immense pressure, the attacker took the initiative to communicate with the victim and began to return some of the assets. After further negotiations, all the stolen assets were ultimately recovered.

Although this crisis has ultimately been resolved, industry practitioners should engage in a deep reflection and discussion about the future development of Decentralized Finance amidst their brief sense of relief.

53-Hour Nightmare in the DeFi Field

To help readers who are not familiar with this event better understand the situation, let's review the process of this attack incident.

On April 18 and 19, there were two incidents of smart contracts being attacked in the DeFi sector, with total losses amounting to 25.46 million USD. The first attack targeted a decentralized trading platform, resulting in a loss of 217,000 USD. Due to the relatively small amount, it did not attract widespread attention. However, just 24 hours later, another lending platform, Lendf.Me, also fell victim to a similar attack, incurring losses of up to 25.24 million USD, almost draining the platform's liquidity pool, leaving only 6 USD in assets.

Interestingly, amid the chaos, some victims pleaded with the attackers to return their assets through the messaging feature on the blockchain.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Share
Comment
0/400
OldLeekNewSicklevip
· 9h ago
Suckers haven't been played for suckers yet and still want to run?
View OriginalReply0
ImpermanentSagevip
· 07-07 16:29
The security team is really impressive now.
View OriginalReply0
degenonymousvip
· 07-07 16:14
Third-rate hackers are not even close to the standard.
View OriginalReply0
IronHeadMinervip
· 07-07 16:07
The unavoidable funny Hacker
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)