The hacker behind the exploit of the decentralized finance lending platform Tender.fi has returned the stolen funds for a $97,000 bounty reward in Ether (ETH).
The exploit was executed at 10:28 am UTC on March 7, with Tender.fi confirming the incident on Twitter quickly after, citing âan unusual amount of borrowsâ and including it has paused all borrowing.
Blockchain information confirmed the exploiter used a worth oracle glitch to borrow $1.59 million value of belongings from the protocol by depositing 1 GMX token, valued at round $71.
âIt looks like your oracle was misconfigured. contact me to sort this out,â the hacker wrote in an on-chain message.
Eight hours later, the DeFi protocol introduced it had come to an settlement with the âWhite Hatâ exploiter, wherein the hacker would repay all loans minus a 62.16 ETH âbounty,â value round $97,000 at present costs.
Translation: The White Hat will repay all loans minus 62.158670296 ETH, which can be stored as a Bounty for serving to safe the protocol. The https://t.co/H4ZMPLH9pz Team will repay the Bounty s worth to the protocol, in order that there can be no unhealthy debt and customers will stay⊠https://t.co/5bbmKu7zEe
â Tender.fi (@tender_fi) March 7, 2023
Another hour later, Tender.fi confirmed on Twitter that the exploiter had accomplished the mortgage repayments.
âFunds are officially SaFu, post mortem on the way,â it wrote.
Related: DeFi lender Tender.fi suffers exploit, white hat hacker suspected
Last 12 months in August, cross-chain Nomad Bridge appealed to exploiters that participated in a sensible contract exploit that extracted $190 million in funds from the bridge in lower than three hours.
Mere hours later, roughly $32.6 million value of funds have been already returned, suggesting a number of the exploiters could have been white hat hackers trying to extract funds for a later protected return.
Later within the month, nonfungible token agency Metagame even provided a âWhitehat Prizeâ within the type of an NFT for anybody who proved they’d returned not less than 90% of the funds they stole from the protocol.
1/ Our pals at @metagame created an earned NFT as a thanks to whitehats who returned funds from the Nomad Bridge Hack. Head over https://t.co/TWwuJwnRXj to declare it! pic.twitter.com/V87rkGhBEE
â Nomad (â€â) (@nomadxyz_) August 23, 2022
Blockchain information from the Official Nomad Funds Recovery Address exhibits that funds continued to be returned to the restoration tackle since then, with the newest transaction recorded on Feb. 18 for $7,868 in Covalent Query Token (CQT).
