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Safemoon hacker returned $7.2 million of the funds stolen from the protocol’s liquidity pool, blockchain analytical agency Peckshield reported.

In accordance with Peckshield, the attacker returned the funds in two transactions through the early hours of April 20. The hacker first despatched 10,000 items of BNB — price $3.4 million — to Safemoon’s treasury pockets earlier than transferring one other 11,804 BNB — price $3.8 million — to the identical deal with.

On April 19, the DeFi protocol knowledgeable its neighborhood about these transactions. On the time, the Safemoon crew mentioned the attacker had efficiently carried out a 100 BNB check transaction that preceded the return of 80% of the stolen funds.

Safemoon added:

“Following this, SafeMoon tokens from a pockets with the deal with 0xdaa3b5ae0521264e55f45157eb6e158e1f3e5012 shall be used to pair the BNB into the SFM:BNB liquidity pool.”

Safemoon had agreed that the hacker ought to maintain 20% of the stolen $9 million in the very best curiosity of its neighborhood and the challenge.

Because the incident, the challenge has come underneath heavy criticism, with many accusing it of rewarding prison conduct and glossing over the hack.

In the meantime, information of the returned funds didn’t influence Safemoon’s token value. The digital asset is down 3.3% within the final 24 hours and was buying and selling for $0.000000006711 on the time of writing, in keeping with CryptoSlate information.

The put up Safemoon hacker returns over $7M from stolen funds appeared first on CryptoSlate.

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