Multichain hack: Hacker returns $1 million, keeps $150k as bug bounty

The hacker turned out to be a “white hat” decided to return most of the stolen funds but keep $150,000 as a bug bounty “tip.”

Multichain is a cross-chain protocol that became a victim of crypto theft after they announced that six tokens were vulnerable to hackers. In a surprise twist, one hacker turned out to be a white hat hacker, who returned 80% of the stolen amount to the protocol.

Details of the Incident

According to Multichain, a protocol that was previously known as Anyswap, the hacker has returned 322 Ether, approximately $ 1 million ($974,000 to be precise at the time of return) to the protocol and kept 62 ETH, nearly $150,000, as his bug bounty, according to a tweet from Tal Be’ery, the chief tech officer of ZenGo crypto wallet

The protocol is still at a loss of 528 ETH, which is equivalent to $1.6 million. For your information, Multichain allows users to swap tokens between blockchains.

The platform announced in a blog post that users should start removing smart contract approvals to 6 tokens that were vulnerable to hacking. These tokens include:

Polygon (MATIC)Avalanche (AVAX)Peri Finance (PERI)Mars Token (OMT)Wrapped Ether (wETH)Wrapped Binance Coin

Read More: https://www.hackread.com/multichain-hack-hacker-return-eth-bug-bounty/