TheCryptoNews.eu
News

Ethereum Optimism Thief Returns $16M in Stolen Tokens

Ethereum Optimism Thief Returns $16M in Stolen Tokens

The attacker who stole 20 million OP tokens attributable to a Wintermute pockets blunder has returned most of their haul.

The attacker also despatched 1 million OP to Vitalik Buterin and retained 2 million tokens as a bounty reward. 

Optimism Attacker Presents Help Loot

The attacker who stole 20 million OP tokens thanks to a Wintermute error has returned the majority of their spoils, Optimism has confirmed. 

Whats up of us—in the hobby of transparency (😉,😅), the take care of has returned a majority of the OP, and @wintermute_t has committed to reimbursing the Optimism Foundation for the closing 2mm OP, which used to be kept as a bounty.https://t.co/jtElgPdNPk

— Optimism (✨🔴_🔴✨) (@optimismPBC) June 10, 2022

The Ethereum Layer 2 reply posted an exchange Friday confirming that the attacker in the succor of the incident had returned 17 million of the 20 million OP tokens it stole this week. On Wednesday, Optimism announced that Wintermute had inadvertently lost 20 million OP tokens attributable to an Ethereum pockets error. 

Optimism had granted the funds to the liquidity provisioning provider to support market participants taking a peep to interchange the neutral no longer too prolonged previously-launched OP token on centralized exchanges. Nevertheless, when Wintermute deployed a Gnosis Safe pockets on Ethereum mainnet without checking that it had been deployed on Optimism, an attacker efficiently took regulate of the pockets on Layer 2 and stole the funds. 

On-chain records reveals that the attacker started returning the funds to Optimism’s multi-signature pockets in a series of transactions slack Friday afternoon. To boot they despatched 1 million tokens to Ethereum creator Vitalik Buterin Thursday, which Optimism has confirmed “is being recovered.” Interestingly, the attacker also left a message to Buterin in an Ethereum transaction. They wrote: 

“Whats up, Vitalik, I ponder in you, good want to hang your conception on this. BTW, assist to study the return take care of and I will return the closing after you. And hello Wintermute, sorry, I easiest include 18M and here’s what I will return. Dwell Optimistic!”

With 18 million tokens despatched to Optimism and Buterin, that leaves the attacker with a 2 million OP bounty. At present prices, the returned funds are price about $16.38 million, whereas the attacker’s bounty is price the identical of $1.82 million. In accordance to Optimism’s announcement, Wintermute has agreed to reimburse the Layer 2 network for the 2 million OP bounty. 

OP bounced 9.8% this present day no topic a decline across the broader market. Per records from CoinGecko, it’s on the moment altering arms for roughly $0.91. 

Disclosure: On the time of writing, the creator of this piece owned ETH and several other cryptocurrencies. 

The figuring out on or accessed by this online page is bought from independent sources we ponder to be ethical and legit, nonetheless Decentral Media, Inc. makes no representation or guarantee as to the timeliness, completeness, or accuracy of any knowledge on or accessed by this online page. Decentral Media, Inc. is not any longer an investment advisor. We build no longer give personalized investment advice or other monetary advice. The figuring out on this online page is enviornment to trade without peep. Some or all of the sure wager on this online page would possibly per chance presumably well change into older-long-established, or it’s going to be or change into incomplete or erroneous. We would possibly per chance presumably well, nonetheless are no longer obligated to, exchange any outdated-long-established, incomplete, or erroneous knowledge.

That you would possibly per chance per chance level-headed never function an investment resolution on an ICO, IEO, or other investment in keeping with the sure wager on this online page, and that you would possibly per chance per chance level-headed never define or otherwise depend on any of the sure wager on this online page as investment advice. We strongly counsel that you search the advice of a licensed investment advisor or other qualified monetary expert whenever you is seemingly to be seeking investment advice on an ICO, IEO, or other investment. We build no longer safe compensation in any function for analyzing or reporting on any ICO, IEO, cryptocurrency, forex, tokenized gross sales, securities, or commodities.

Test up on pudgy phrases and prerequisites.

Wintermute Makes “Optimistic” Assumption, Loses 20M Tokens

The crypto market-making firm Wintermute has lost roughly $17.6 million price of OP tokens belonging to the Optimism Foundation attributable to a excessive pockets management error. Hacker Steals 20M OP…

Wintermute Makes “Optimistic” Assumption, Loses 20M Tokens

Layer 2 Bridges Clog as Optimism Airdrop Recipients Plug away Network


Info


The Optimism token has also dropped over 70% since buying and selling started the day old to this.  Users Cash Out From Optimism Optimism airdrop recipients are taking their beneficial properties succor to Ethereum. Bridges connecting Ethereum…

Layer 2 Bridges Clog as Optimism Airdrop Recipients Leave Network

Ethereum Layer 2 Optimism Launches Token Airdrop


Info


It’s the predominant of several deliberate OP token airdrops.  Optimism Goes Are living With Airdrop  Optimism’s OP token is are living on Ethereum.  The Layer 2 scaling network launched its contemporary token…

Ethereum Layer 2 Optimism Launches Token Airdrop

Learn More

Related posts

Craig Wright Accountable for $100 Million in Kleiman Case

The Crypto News

It’s time to build. Introducing the Innovations Of The Elrond Architecture And Our Developer Toolkit

CryptoDesk

Ropsten Beacon Chain Successfully Launched

The Crypto News

Leave a Comment

Or Login with

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More