Wednesday, November 20, 2024
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A hacker who exploited a flaw in the Multichain DeFi protocol returned $1 million to his victims, keeping the remaining $200,000 as a “reward.”

On January 18, Multichain warned its users that their cryptoassets were at risk due to a flaw in the DeFi cross-chain protocol. This was later exploited by a large number of hackers, who are believed to have stolen over $3 million worth of cryptoassets from Multichain users so far.

One such hacker managed to steal $1.2 million from numerous victims. On the morning of January 19, an individual broadcast a message on the Ethereum blockchain:

Screenshot 2022-01-20 at 11.55.40

One victim who lost $973,000 in crypto assets to hackers responded with a message embedded in an Ethereum transaction:

Screenshot 2022-01-20 at 11.49.02

Nine hours later, in the early hours of January 20, the hacker returned this victim $816,000 in cryptoassets (259 ETH represents the stolen 309 ETH minus the 50 ETH “tip”).

The victim replied:

Screenshot 2022-01-20 at 11.53.45

Multichain itself also sent a message to the hacker:

Screenshot 2022-01-20 at 12.00.04

The hacker then replied:

Screenshot 2022-01-20 at 12.01.28

and then on the morning of January 20:

Screenshot 2022-01-20 at 12.02.32

The hacker returned 63 ETH to Multichain later that day.

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