Grey Hat Hacker promises to return 80% Of Stolen money

• A hacker who stole approximately $200,000 is proposing to repay the majority of the stolen assets.

• The hacker, who is now known as a grey hat hacker, was able to successfully steal $200,000 from one of the users who had not terminated access to the site.

• Multichain followed the lead of most protocols that have recently been attacked and sent a transaction to the hacker with the request that the cash be returned.

Multichain, a cross-chain DeFi platform, is the most recent in a long series of DeFi protocols that have been abused. 

This time, the attackers were able to take customer cash from the site by gaining access to accounts that had not been removed from the platform. In all, almost $1.5 million was taken by hackers, however, one hacker who took approximately $200,000 is proposing to repay the majority of the stolen assets.

Pay me tax – Grey Hat Hacker

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In this example, the hacker, who is now known as a grey hat hacker, was able to successfully steal $200,000 from one of the users who had not terminated access to the site. The hackers were able to carry out the assault by taking advantage of a flaw in the protocol. Multiple wallets have been identified as being behind the attacks, implying that the cash was not stolen by a single hacker.

In one example, the hacker has promised to restore 80% of the $200,000 taken from a user. In a transaction to the person who lost the cash, the hacker described to as a white-hat hacker requested the user to give the transaction where they lost their Wrapped Ether and they would pay 80 percent back to them, retaining 20 percent for the bother.

“Whitehat here, provide me the tax you lost your wealth, I give you 80% back,” stated the hacker.”The others are expense strategies for me.”

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MultiChain Requests the stolen cash

Although the hacker indicated above offered to restore the majority of the monies stolen, it was not the only address that took advantage of the block. A total of $1.43 million was taken from a number of other Multichain protocol addresses. It’s unclear whether the hacker who promised to return some payments was the same individual who was behind all of the addresses.

Multichain followed the lead of most protocols that have recently been attacked and sent a transaction to the hacker with the request that the cash is returned. The hacker has yet to react to the message, if at all.

The attack was initially made public by the protocol on January 17th, the same day as the Crypto.com breach. According to The Block, a single user lost over $1 million in the attack and has now promised the hacker a $156,000 bonus if they restore their cash.