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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. 

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