Tender.fi

The person who was responsible for the hack that took place on the loan site Tender.fi has given back the amount of money that was stolen, which is an intriguing turn of events. The site offered a reward or bounty in exchange for the returned monies, which had previously been stolen.Tender.fi verified the news on their Twitter account that the exploiter had finished repaying the debt. The hacker that wore the white hat was given 62.16 ETH, which is equivalent to almost $97,000. a reward equal to 6% of the total money gained using the exploit.Users of Tender.fi are given the ability to borrow and lend bitcoin assets in a manner that is decentralized. The complexity of these systems, on the other hand, makes them susceptible to a wide variety of security threats, one of which being oracles that have been improperly set.The lending activities on the platform came to a halt on March 7 after the aforementioned procedure experienced &#34;an exceptional volume of borrows,&#34; which prompted the company to take this action. On the social media platform, a security expert brought attention to the scenario in which a hacker had taken out a loan of $1.59 million worth of assets from the protocol by depositing a single GMX token, which had a value of $71 at the time this article was written.&#34;It would appear that there was an error in the configuration of your oracle. &#34;Please get in touch with me so we can figure this out,&#34; the hacker stated in an on-chain post.

White Hat Hacker Rewarded $97,000, Returns Stolen Funds to DeFi Lending Platform Tender.fi

ItsBitcoinWorld

Другие статьи, опубликованные 8 мар. 2023 г.

Best 3 Centralized Exchanges for Cronos

DVT with SafeStake as an option to SEC censorship against ETH2 Staking

Frutti Dino Derby Season 2 Winner Announcement

SEC Takes Swift Action Against BKCoin For Crypto Fraud Scheme

Crypto Strategist Called 2018’s Market Bottom Warns $ETH and $BNB Are Showing Bearish Signals

Report Suggests That Ethereum 2.0 Is Currently Undervalued

Join our free newsletter for daily crypto updates!