Resolved: Exploiter Returns 17 Million Stolen Optimism Tokens

The hacker that stole 20 million OP tokens from Optimism has now returned the vast majority of his ill-begotten funds. Public blockchain data shows that he’s made 17 transfers of 1 million OP each to the Optimism contract address.

  • According to Etherscan, all 17 transfers of OP were made in short order. The first was at 12:09 pm UTC, with the last at 12:31 pm UTC on Friday.
  • The returned funds do not represent all tokens that the attacker stole, however. He is still 3 million OP short of the 20 million he nabbed during Optimism’s failed transaction to Wintermute.
  • Wintermute – a cryptocurrency market maker – was supposed to provide liquidity provisioning services for the newly airdropped OP token. The token provides participation rights to members of the layer 2 protocol’s two-tier governance structure.
  • However, a complication occurred in which Optimism sent the funds from its layer-2 address to Wintermute’s layer 1 address. This led to the funds being locked away from either party.
  • An opportunistic attacker stole the coins shortly after and sold off about 1 million tokens in short order. Interestingly, he then sent about 1 million tokens to Ethereum co-founder Vitalik Buterin and delegated voting rights for those tokens to Yoav Weiss of the Ethereum Foundation.
  • The next day, the anonymous thief sent another 1 million OP to Vitalik and offered the developer his respect. He then asked for advice on what to do with the tokens, feeling sorry about the theft.
  • He claimed to only have 18 million tokens remaining which he could return. So far he’s returned 17 million, with 1 million still on his address balance.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }

The post appeared first on CryptoPotato

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 98,999.52 1.85%
Ethereum (ETH) $ 3,386.95 8.94%
Tether (USDT) $ 1.00 0.10%
Solana (SOL) $ 260.74 9.28%
BNB (BNB) $ 633.18 3.84%
XRP (XRP) $ 1.40 26.54%
Dogecoin (DOGE) $ 0.396069 3.49%
USDC (USDC) $ 1.00 0.03%
Lido Staked Ether (STETH) $ 3,389.42 8.99%
Cardano (ADA) $ 0.885156 12.84%