Sentiment Exploiter Makes Amends: Returns Majority of Stolen Funds to Team Control

SNEAK PEEK

• Sentiment Exploiter returned the majority of stolen funds from Sentiment.
• The funds are managed with a 2-3 multisig to prevent further breaches and ensure their security.
• DeFi projects have been increasingly targeted by scammers, leading to an increase in exploitation attempts.

In a surprising turn of events, Sentiment Exploiter, the individual responsible for the recent theft of funds from the popular decentralized finance (DeFi) platform, Sentiment, has returned most of the stolen funds. This news is a relief to the Sentiment community, which had been anxiously awaiting updates on the situation.

According to reports, the returned funds are now being managed with a 2-3 multisig, presumably controlled by the team. This move aims to ensure the security of the funds and prevent further breaches.

It seems @sentimentxyz exploiter has returned the majority of stolen funds. Currently the returned funds are managed with a 2-3 multisig, presumably controlled by the team: https://t.co/bwmLf9zgMV pic.twitter.com/rp8HLodLzj

— PeckShield Inc. (@peckshield) April 5, 2023

The DeFi project fell victim to a scam that resulted in the loss of around $1 million. However, the Sentiment team quickly sprang into action following the security breach and announced that they were investigating the root cause of the hack. As a precautionary measure, the team also temporarily halted all withdrawals within its system.

After the hack, the Sentiment development team contacted the hacker with an offer to negotiate for the return of the stolen digital assets. The message contained a link to the transaction, and the hacker was given a deadline of two days to comply.

Message to the thief from today’s $1m @sentimentxyz exploithttps://t.co/f2y156tti1

Spread to make sure they see it – they’ve got two days to return the money.

— ogle (@cryptogle) April 5, 2023

DeFi projects have recently experienced a surge in scam attempts, making them the primary target of fraudsters. As a result, the exploitation of DeFi projects has increased. These incidents have highlighted the need for more robust security measures in the DeFi space.

Another scam has been reported, involving a fraudulent zero transfer that resulted in the loss of 30k USDC.

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• Source: https://investorbites.com/sentiment-exploiter-makes-amends-returns-majority-of-stolen-funds-to-team-control/