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Optimism hacker confirms they are whitehat, returns most of stolen funds

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Hacker Optimism confirmed that they are white hat hackers and asked the developers of the project to share the return address for their remaining tokens.

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A hacker stole 20 million OP tokens from Optimism in a failed transaction involving liquidity provider Wintermute.

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Wintermute CEO Evgeny Gaevoy asked the hacker to return the stolen funds, if they were hacked, within a week. He threatened to dox the hacker if they didn’t return the funds.

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Part statement is reading,

We are 100% committed to returning all funds, tracking down the individuals responsible for the exploit, fully doxing them, and delivering them to the appropriate legal system. Remember that robbers should be lucky every time. The cops only get lucky once.

However, it turned out that the hacker was still a white hat hacker. Before returning the funds, the hacker this morning sent one million OP tokens to Vitalik Buterin’s public wallet along with message what did you say:

Hello, Vitalik, I believe in you, I just want to know your opinion on this matter. By the way, help me check the return address, and I will return the rest after you. And hello Wintermute, I’m sorry I only have 18M and that’s what I can get back. Stay optimistic!

Six hours after that, they started returning 18 million at 1 million per transaction. So far, the hacker has sent 17 million OP tokens to a wallet Gaeva claims belongs to Optimism.

In response to the hacker’s decision, Gaeva tweeted an upside down emoji. Optimism also revealed that it received the stolen cryptocurrency, and also revealed that Wintermute is “committed to reimburse the Optimism Fund.”

The hacker will receive the remaining 2 million OP tokens as a reward. The Optimism Foundation also confirmed that it is in the process of recovering the 1 million OPs sent to Vitalik Buterin.

The news of the return had a positive effect on the price of OP. The token has risen by 13.2% in the last 24 hours, making it one of the most profitable today.





Credit : cryptoslate.com

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