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Technology

Multichain Says One Hacker Returned Over $800K

The cross-chain protocol said $1.9 million had been siphoned off by three hackers.

By Eliza Gkritsi
AccessTimeIconJan 20, 2022 at 11:34 a.m. UTC
Updated May 11, 2023 at 3:40 p.m. UTC
(CoinDesk archives)

(CoinDesk archives)

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Cross-chain protocol Multichain tweeted on Thursday that one white-hat hacker returned 259 ether, worth $813,000.

  • Multichain said three hackers stole a total of 602 ether ($1.9 million). The chief technology officer of crypto wallet ZenGo, Tal Be'ery, told CoinDesk that one attacker stole at least 450 ether, and that the total funds stolen were around $3 million.
  • The hacker who returned the funds kept $150,000, Be'ery said. The CTO found that other than the two main hackers, there were also some smaller players who exploited the vulnerability.
  • The protocol, which was formerly known as Anyswap, told users on Monday to remove approvals for six tokens to protect their funds from a security vulnerability.
  • Hackers were able to exploit the vulnerability and steal over $3 million in cryptos, according to a report.

Read more: Multichain Says $1.4M in Ether Siphoned From Users Who Failed to Update Approvals

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Eliza Gkritsi
Eliza Gkritsi

Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI.

Follow @egreechee on Twitter

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