Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Crypto Hacker Behind $2 Million Theft Receives Job Offer

Crypto Hacker Behind $2 Million Theft Receives Job Offer

CryptotimesCryptotimes2024/09/27 16:18
By:Dishita Malvania

Bedrock, a crypto liquid restaking protocol, recently lost $2 million due to a security exploit. On September 26, Web3 security firm Dedaub identified a vulnerability in Bedrock’s uniBTC vaults. 

Despite informing Bedrock about the flaw, the protocol did not act in time, leading to the exploit. Dedaub stated, “Unfortunately, even though we found the issue in the smart contract several hours before, by the time the team responded, the vulnerability had been exploited.”

Though the attacker managed to steal $2 million, they could have taken up to $75 million. On September 27, Bedrock acknowledged the breach and reassured users that existing funds were safe. 

Crypto Hacker Behind $2 Million Theft Receives Job Offer image 0 Source: Twitter

The protocol is also working on a reimbursement plan for affected investors and collaborating with audit teams to recover the lost funds.

In a unique twist, Bedrock reached out to the hacker through an onchain message on Etherscan , offering them a reward and a position as a white hat hacker to help secure the protocol. However, the hacker has yet to respond.

Follow The Crypto Times on Google News to Stay Updated!
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Whale Sells $5.48M in TRUMP Token, Gains $483K

A crypto whale offloaded 630,339 TRUMP tokens for $5.48M, pocketing nearly $483K in profit at $8.70 per token.Whale Exits TRUMP Token with Nearly Half a Million in ProfitSmart Profit-Taking or Early Exit?Whale Moves as a Market Signal

Coinomedia2025/04/23 23:44
Whale Sells $5.48M in TRUMP Token, Gains $483K

Buy Low, Fly High: Arctic Pablo at $0.000099 Eyes $0.008 Surge, While Fwog And Pudgy Penguins Push Boundaries

Explore Arctic Pablo Coin's presale, Pudgy Penguins' gaming expansion, and Fwog's market trends. Discover the Top New Meme Coins to Invest in April 2025.Arctic Pablo Coin (APC): Staking and RewardsArctic Pablo Coin (APC): Presale Reaches Frostbite CityPudgy Penguins: Expanding into Mobile GamingFwog: Gaining Momentum in the Meme Coin MarketWrapping Up: Arctic Pablo Coin (APC) Stands OutFor More Information:

Coinomedia2025/04/23 23:44
Buy Low, Fly High: Arctic Pablo at $0.000099 Eyes $0.008 Surge, While Fwog And Pudgy Penguins Push Boundaries

Australian Court Overturns License Ruling Against Block Earner, Sides with Fintech in Landmark Crypto Case

In a significant legal win for Australia’s crypto and fintech industry, the Federal Court has overturned a previous ruling that required digital finance firm Block Earner to obtain a financial services license for its discontinued fixed-yield crypto product.

DeFi Planet2025/04/23 21:55
Australian Court Overturns License Ruling Against Block Earner, Sides with Fintech in Landmark Crypto Case

Symbiotic Raises $29 Million to Build Universal Staking Coordination Layer

Symbiotic, a decentralised finance (DeFi) protocol, has secured $29 million in a funding round led by Paradigm and cyber.Fund.

DeFi Planet2025/04/23 21:55
Symbiotic Raises $29 Million to Build Universal Staking Coordination Layer