Olympus DAO Reclaims Assets After Hack Attack - Coinleaks
Current Date:September 21, 2024

Olympus DAO Reclaims Assets After Hack Attack

Olympus DAO, got back the stolen funds after the hacking attack.

OlympusDAO was recently the target of a hack involving 30,000 OHM tokens worth about $300. The attacker returned the stolen assets shortly after the hack.

Hacker Returns $300K Fund To Olympus DAO

The $300,000 cryptocurrency stolen from Olympus DAO was returned by the hacker responsible for the theft.

The attacker targeted a specific bond contract called BondFixedExpiryTeller. PeckShield According to , one of the functions of the contract did not properly validate the inputs and allowed the attacker to enter incorrect values ​​and transfer funds. The attacker stole 30,437 OHMs worth about $300,000 from Olympus DAO’s smart contracts.

The stolen funds were returned to the project in two transactions on the Ethereum blockchain at 14:29 UTC and 14:30 UTC. These transactions took place hours after the funds were stolen at 05:22 UTC.

Mango Markets, TempleDAO, BNB Chainand Moola Market There have been other DeFi platforms that have been the target of attacks this October, including At least $718 million was stolen this month, according to Chainalysis data.