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“White Hat” Who Returns Stolen Funds to Tender.fi Get $97K Reward
A hacker behind the who stole funds valued at $1.59 million from decentralized finance lending platform Tender.fi has collected a $97,000 “bounty” for returning the funds.
Tender.fi confirmed the exploit, which was executed on March 7, on Twitter citing “an unusual amount of borrows”. It then suspended all borrowing.
Data on the Blockchain revealed the hacker was able to exploit an oracle price glitch to steal the funds by depositing just one GMX token, valued at just $71. “It looks like your oracle was misconfigured. contact me to sort this out,” the hacker wrote in an on-chain message.
Less than nine hours later, DeFi protocol revealed that it had made an agreement with the hacker for the return of the stolen funds, minus a 62.16 ETH bounty, worth around…