CryptoMediaClub
Sunday, July 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

SafeMoon hacker agrees to return 80% of stolen funds, says development team

19.04.2023
A A
0
129
VIEWS
ShareShare

The attacker who drained $8.9 million of Binance Coin (BNB) from SafeMoon has agreed to return 80% of the funds, according to an April 18 blockchain message from the SafeMoon team.

Breaking News: #SafeMoon has struck a deal with the “hacker”
80% LP return imminent.
20% bounty for “hacker”
And no charges pressed
Now, back to your regularly scheduled program. pic.twitter.com/x94fSb4EoP

— SafeMoonSpidey.sfm ⎷ (@SafeMoonSpidey) April 18, 2023

SafeMoon is a decentralized finance (DeFi) protocol that runs on BNB Chain. It was hacked on March 28, resulting in a loss of 27,000 BNB worth $8.9 million at the time.

On April 18, at 1:19 p.m. UTC, the SafeMoon Deployer account posted a transaction to the BNB network with the attacker’s address as the recipient. The transaction contained a coded message in 8-bit Unicode Transformation Format (UTF-8) that stated the following:

“SafeMoon has reached an agreement with the party currently holding the funds. Specifically, SafeMoon has agreed to accept 80 percent of the amount returned, with the other party retaining the balance as a bounty. SafeMoon has further agreed not to file any legal actions against them. After careful consideration of the circumstances, it is believed this is in the best interest of SafeMoon and the community.”

The coded message is the latest in a series of communications between the SafeMoon team and the attacker as the parties attempted to settle. On March 29, the attacker claimed they had drained the funds accidentally.

The team responded on the same day, asking the attacker to offer a Telegram handle where they could be contacted. The attacker did not provide a Telegram handle but did provide an anonymous Outlook email address instead. The team then stated, “Email message sent. 12:33 UTC.”

There was no further blockchain communication between the two sides until the April 18 message confirming that the agreement had been made.

Hacking DeFI protocols and negotiating to keep some funds has become common recently. On April 4, the Euler Finance attacker, who had previously drained over $196 million from Euler, issued an apology message and returned nearly all of the funds gained from the attack. On April 6, the exploiter who had drained $967,000 of crypto from Sentiment returned nearly 90% of it after the team agreed to let them keep the remaining amount.

Some Web3 developers have argued that bug bounties should be larger and development teams should be more diligent about paying them, as they allege this could motivate hackers to report bugs instead of exploiting them.

Share10Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Bitcoin retracing? Here are the odds of it returning to $28K

Bitcoin retracing? Here are the odds of it returning to $28K

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

$1B staked ETH withdrawn in 24hrs as round 2 begins

$1B staked ETH withdrawn in 24hrs as round 2 begins

2 years ago
Patrick Daugherty Sees Positive Shift in Crypto Regulation Post-Elections

Patrick Daugherty Sees Positive Shift in Crypto Regulation Post-Elections

1 year ago
What are cross-border payments, and how do they work?

What are cross-border payments, and how do they work?

2 years ago
Cardano Light Wallet ‘Eternl’ All Set to Release New Enhanced Version

Cardano Light Wallet ‘Eternl’ All Set to Release New Enhanced Version

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

What if Strategy Had Invested in XRP Instead of Bitcoin? 

Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming?

Siton Mining Launches New Application to Use XRP to Start BTC Mining Machines

How Little Pepe’s Layer 2 Chain Changes Meme Coin Hype, Raises $5 Million in Presale

Trending

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?
All news

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

27.07.2025
0

Ethereum spot ETFs have achieved a historic 17-day consecutive inflow streak, recording $453 million on Friday alone...

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

27.07.2025
Increased market volatility as the U.S.–Europe tariff deadline looms

Increased market volatility as the U.S.–Europe tariff deadline looms

27.07.2025
What if Strategy Had Invested in XRP Instead of Bitcoin? 

What if Strategy Had Invested in XRP Instead of Bitcoin? 

27.07.2025
Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

27.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz