The hacker of XCarnival, a lending aggregator for metaverse assets, has accepted a bounty of ETH 1,500 (USD 1.85m) in exchange for the return of the remaining ETH 1,467 (USD 1.8m) and the team not pursuing legal actions.
Etherscan transactions show that the hacker has already sent ETH 1,467 to the address shared by the XCarnival team.
On Sunday, a hacker was able to exploit a flaw in the smart contract code, blockchain security company PeckShield reported, stating at the time that ETH 3,087 was stolen.
"The hack is made possible by allowing a withdrawn pledged [non-fungible token] NFT to be still used as the collateral, which is then exploited by the hacker to drain assets from the pool," PeckShield said.
In an attempt to recover the stolen funds, the XCarnival team reached out to the hacker with a bounty offer of USD 300,000 and pledged not to pursue law enforcement action if they return the remaining sums.
"1500eth - everyone's happy? 300eth too low," the hacker said in an...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...