Attackers Sent Back Nearly $25M Cryptocurrency To The DeFi Venture dForce

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • dForce has met with a loss of $25 million on its lending platform Lendf. However, an exclusive twist came under this epic attack as the exploiter has returned all the stolen funds back to the dForce account.
  • It was reported that the attacker gave back $2.79 million to dForce and the rest of the amount was repaid today that was approximately $22 million.
  • The total refund returned by the hacker was approximately $24.3 million which is somewhat less than the actual value stolen as the attacker has converted some of the funds and they lost some value.

On last Saturday and early Sunday, a Chinese decentralized finance protocol dForce has met with a loss of $25 million on its lending platform Lendf. However, an exclusive twist came under this epic attack as the exploiter has returned all the stolen back to the dForce account.

The attacker’s IP address was shared with the Singapore police

It was reported that the attacker gave back $2.79 million to dForce and the rest of the amount was repaid today that was approximately $22 million.

Source: Coindesk

As per the CEO of 1inch.exchange Sergej Kunz, the attacker’s IP address was shared with the Singapore police and that is why he returned all the funds back to the platform. Kunz further added that the exchange has received a request from the Singapore police to help dForce by sharing the IP addresses and other sensitive meta-information which the hacker hustled by utilizing the exchange’s CDN.

As soon as the exchange received an email from the police, it started protecting the user data immediately. By supporting police pressure will be created to the hacker, Kunz notified.

Paraswap denied helping dForce

However, The French Company Paraswap denied helping dForce to share information on the attacker. They said they follow General Data Protection Regulation laws and thus, cannot provide information pertaining to the attack.

The total refund returned by the hacker was approximately $24.3 million which is somewhat less than the actual value stolen as the attacker has converted some of the funds and they lost some value.

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The Chinese decentralized finance (DeFi) project, dForce has an attack on its platform last weekend due to which it lost nearly 100% of its total value locked. Below-mentioned coins and tokens were accessed by the attacker:

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Recently the dForce Foundation has received an investment of $1.5 million headed by Multicoin Capital and associated by Huobi Capital and Chinese bank CMB International (CMBI).

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