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Safemoon hacker agrees to return 80% of stolen funds, says development team

Apr 19, 2023 · 1 min read · 72 points
Safemoon hacker agrees to return 80% of stolen funds, says development team
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Blockchain data reveals that negotiations have been ongoing since March 28.

Highlights

  • The attacker who drained $8.9 million of Binance Coin from SafeMoon has agreed to return 80% of the funds.
  • SafeMoon is a decentralized finance (DeFi) protocol that runs on BNB Chain.
  • It was hacked on March 28, resulting in a loss of 27,000 BNB, worth $8.9 million at the time of the attack.
  • The team posted a coded message to the BNB network with the attacker’s address as the recipient.
  • The coded message is the latest in a series of communications between the SafeMoon team and the attacker as the parties attempted to settle.
  • On April 4, the Euler Finance attacker, who had previously drained over $196 million from Euler, issued an apology message and returned nearly

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