Multichain Recovers Some of Its Funds Stolen This Week
Multichain definitively is having a very particular week, but who would have believed a hacker would return the funds?
It has been four days since Multichain warned its users for the first time about six of their tokens being compromised, three days since the first hack, and approximately around $3 million dollars have been lost during multiple hacks.
Your capital is at risk
On January 19th, one of the users who lost about $1 million in the hack was offering the hacker, who calls himself “White Hat” hacker, 50 ETH ($150K) “tip” in return for his funds.
Approximately 24 hours later, on January 20, the “White Hat” hacker returned 259 ETH, but that’s not the only thing he did.
Is the “White Hat” Hacker Regretting What He Did?
After the “White Hat” hacker returned the funds, he wrote the following note in the transaction details:
“I sent back the biggest lost back to 0x3ee. And I will send back 63 ETH and keep the same percent tips as bug bounty which is around 12 ETH. So if you think this percent bounty is too much or too little, pls tell me. There are still some bots targeting it, but I think most users have been notified so I stop saving the rest. And also, pls give me an address that I can make sure is under control of your team”
So the “White Hat” hacker has returned a total of 322 ETH (259 ETH + 63 ETH) or approximately $930,000 at the time of the writing, but over $1.6 million is still missing.
What Is Multichain Saying?
Following the events of the “White Hat” hacker, the team behind Multichain posted on their twitter ‘s account to submit a ticket on their support website for the users that have been affected in the hack.
The team has also posted on their twitter ‘s account all of the hacker’s addresses so they can be monitored through the blockchain explorer and more details will be released, they said.
It appears Multichain’s native token MULTI is having a solid response to what is happening, although the token is down 0.85% in the last 24h, the cryptocurrency market is having a big sell-off, the overall cryptocurrency market capitalization is down 7%, from $1.98 trillion to $1.84 trillion in the las 24h, especially Bitcoin taking a hit going under 40k, according to CoinMarketCap.