Solana

The team behind Cypher Protocol hopes to get the opportunity to talk to a hacker about the exploit and return the stolen funds.Yesterday, <a href="https://cypher.trade/" rel="noopener noreferrer nofollow">Cypher Protocol</a>, a Solana-based cryptocurrency trading platform, announced a security incident. According to blockchain analytics firm Beosin, the hack resulted in losses of nearly $1 million. Data from Solscan, a Solana blockchain explorer, recorded a transfer of SOL and USDC through popular crypto exchanges Binance and KuCoin to fund the exploit and withdraw the loot.The team behind Cypher referred in its <a href="https://twitter.com/cypher_protocol/status/1688641036476731393" rel="noopener noreferrer nofollow">tweet</a> to the exploiter hoping they will be willing to discuss the possible course of action, &#34;We are writing to see whether you would be open to speaking with us about any potential next steps.&#34;Read also: <a href="https://coinpaper.com/1905/hackers-used-fake-job-interview-to-steal-37-m-from-coins-paid" rel="noopener noreferrer nofollow">Hackers Used Fake Job Interview to Steal $37M from CoinsPaid</a>Solscan also shows a series of NFTs sent to the hacker asking the malicious actor to return the funds.&#34;Seriously though, you used Binance and KuCoin to fund and try to get 30,000 out. People will find you. Please do the right thing and give back the rest,&#34; some of the NFT <a href="https://solscan.io/token/BhgF2oFyy3TDdMqK2XchMS2Q76TsdRw9ZhnMErdkEPRi" rel="noopener noreferrer nofollow">messages</a> sound pretty serious, while others contain more ironic messages. &#34;Oh skilled crypto trickster, you’ve had your play, on Solami stage, you found a way, return the funds now, just for display,&#34; one of them refers to the hacker in rhymes.Read also: <a href="https://coinpaper.com/1851/security-incident-losses-exceed-400-million-in-june" rel="noopener noreferrer nofollow">Security Incident Losses Exceed $400 Million in June</a>Meanwhile, Cypher Protocol and Marginfi, the lending foundation for Solana-based DeFi 2.0, launched their 31-day hacker house event, mtnDAO, in Salt Lake City on August 1.Interestingly, the price of the Cypher Protocol <a href="https://coinmarketcap.com/currencies/cipher-protocol/" rel="noopener noreferrer nofollow">token</a> CYPHER has not changed so far despite the attack. In fact, it has maintained a stable value of $0.0094 since August 6, according to CoinMarketCap.<a href="https://coinpaper.com/1908/the-cypher-protocol-hacker-flooded-with-nf-ts-demanding-return-of-loot?utm_source&#61;referral&amp;utm_medium&#61;publish0x&amp;utm_campaign&#61;cypher-hack-nft" rel="noopener noreferrer nofollow">Read the full article on Coinpaper.</a>

The Cypher Protocol Hacker Flooded with NFTs Demanding Return of Loot

Coinpaper.com

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