The decentralized finance (DeFi) protocol unshETH has been negotiating with hackers to return 90% of funds stolen following a hack.
While most DeFi hacks occur due to the smart contract’s vulnerabilities, unshETH lost the funds due to a private key compromise.
unshETH Negotiates With Hackers
“We want to be clear, and this is not a bluff: we know who you and some people connected to you (friends) are, and we will absolutely move forward with law enforcement if you have not returned the money by the deadline above.
Over the weekend, another DeFi project, Jimbos Protocol, lost $7.5 million to the DeFi hack. Like unshETH, Jimbos is also trying to regain 90% of its funds while allowing hackers to keep 10% as a bounty.
The warning message received a negative reaction from the community. A Twitter user replied that the warning “sounds exactly like someone bluffing would say.”
unshETH also faced criticism for targeting the hackers’ friends in the tweet. Community member Haym Salomon says, “openly threatening a hacker’s friends is a bar you (probably) don’t want to cross below.”
Private Key Compromise
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