Team Finance Exploiter Is Returning Funds to Projects Affected by the Exploit

SlowMist tweeted that the Team Finance exploiter is returning funds to projects affected by the exploit. So far, over $7 million has already been returned to its respective projects.

It is said that 10% of the funds are kept as a bounty. Previously, DeFi application Team Finance tweeted that $14.5M USD of tokens were exploited through the audited v2 to v3 migration function.

Source

Security Incidents

DeFi

Related News
North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Stablecoin neobank Infini exploited for $49 million: security analysts Stablecoin neobank Infini exploited for $49 million: security analysts
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
Latest News More More
2 Days Ago Daily Market Wrap | Aug. 15
3 Days Ago Daily Market Wrap | Aug. 14
4 Days Ago Daily Market Wrap | Aug. 13
5 Days Ago Daily Market Wrap | Aug. 12
6 Days Ago Daily Market Wrap | Aug. 11
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open