Return the money! Cacophony and Negotiations After $3 Million Crypto Theft


Vincent Touveau

Cryptocurrencies

January 20, 2022 at 4:20 p.m.

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money hacker

It is a drama that is currently playing out before our eyes as more than 3 million dollars have been emptied from the inter-blockchain
Multichain. Site managers attempt to negotiate with hackers to recover stolen funds. At this time, the thieves have not yet decided to return the funds.

That’s over 445 WETH and other stolen tokens, and the loot is getting heavier by the hour.

The Arsene Lupins of cryptocurrency

Thefts of funds on crypto platforms have become so common that one wonders which site will pay the price in turn. Multichain, formerly called “Uniswap”, is not exactly a trading platform, but a service that unifies blockchains together. Hackers exploited a vulnerability in the system to siphon off over $3 million in WETH, MATIC, PERI, OMT, and MATIC tokens.

One of the hackers entered directly into negotiations with a developer of the site, suggesting the idea of ​​returning 80% of the sums stolen and keeping the rest as a “tip”. This is not the first time that a hacker has communicated directly with the managers of an impacted site, and even if these exchanges of tweets clearly look like haggling, the hackers have not yet returned the money.

A hacker who offers to return the money is called a ” white hat “, since it highlights its absence of dishonest intentions. Often, it is a person who only wishes to demonstrate significant security flaws and, why not, earn a small bonus in the process.

Chaotic communication, Multichain at bay

At the end of last week, Multichain warned its users that its teams had to “revoke” the actions in progress on six types of token, because a security breach had been noted. A kind of precautionary measure supposed to protect their funds from an inevitable hack, since it was Monday that the disappearance of 445 WETH (equivalent to 1.4 million) was noted.

With a lot of tweets, Multichain officials offer tutorials to protect its customers’ funds, but their efforts seem more like a confusion that masks the reality of the situation: hackers are still running and the amount of loot keeps increasing. to augment.

The year 2022 starts with a bang in the field of crypto thefts and the numbers are always more dizzying. As a reminder, the Crypto.com platform has just lost $34 million spread over 483 accounts.

On the same subject :
Auditing Agency Says Cryptocurrency Hacking Problems Are Linked To Centralization

Source: Vice



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