Team Finance Hacker Refunds $14.3m Stolen Last Week
It was discovered that Team Finance hacker had repaid $14.3 million on top of the $14.5 million that had been taken the previous week.
The hacker organization that targeted the flaw in Team Finance’s Defi key and cryptography infrastructure, according to a statement by security firm PeckShieldAlert, has returned $13.4 million to the system.
It looks like Team Finance has received the cryptocurrency back. The hacker returned 209 ETH to KNDX, 548.7 ETH to FEG, 765,000 DAI and 11.8 million TSUKA to Tsuka, 5 million DAI and 746,000 CAW to CAW, and 11.8 million DAI and 765,000 . You can read more of such stories at Credible News
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The DeFi financial key protocol’s Team Finance reported last week that the platform’s Uniswap v2 to v3 migration feature resulted in the mining of over $14.5 million in tokens.
Incredibly, according to reports, hackers updated the WTH, CAW, USDC, and TSUKA tokens on Team Finance from Uniswap v2 assets to an attacker-controlled v3 pair with false valuation.
The attacker got around the existing validation processes by locking the tokens into the contract and kept the enormous surplus as profit.
The hacker would get paid a bug bounty as soon as the project’s development team stopped the protocol to repair the flaw and got in touch with him to collect the money he had stolen back.
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