Hacker Behind $11.6M Prisma Finance Exploit Claims “Whitehat Rescue”

The exploiter liable for the $11.6 million exploit of decentralized finance (DeFi) protocol Prisma Finance has reached out to the mission.

The exploiter liable for the $11.6 million exploit of decentralized finance (DeFi) protocol Prisma Finance has reached out to the mission, claiming the assault was a “whitehat rescue” and expressing a need to return the funds. The hacker despatched a message on-chain stating, “Hello, it is a whitehat rescue, who can I contact to refund,” from the handle related to the assault. Prisma Finance responded by offering contact data for negotiations.

A white hat hacker refers to a person who discovers vulnerabilities in software program code and sometimes informs the creators relatively than exploiting the vulnerabilities themselves. Nonetheless, within the cryptocurrency trade, it’s extra widespread for hackers to take advantage of protocols after which request a white hat bounty or some type of reward in trade for returning the funds. There have been situations the place hackers returned funds with out in search of any reward.

The assault on Prisma Finance occurred on March 28, with roughly $11.6 million stolen and despatched to 3 separate addresses, based on estimates by blockchain safety agency PeckShield. The hacker proceeded to swap the stolen funds for Ether (ETH). The foundation reason behind the assault continues to be underneath investigation by Prisma Finance.

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