Hacker returns stolen funds to Tender.fi, gets $97K bounty reward
The bounty, which was offered via an on-chain message was approximately $97,000 or approximately 6% of the exploit amount. The hacker behind the exploit of the decentralized finance (DeFi) lending platform Tender.fi has returned the stolen funds for a $97,000 bounty reward in Ether (ETH). The exploit was executed at 10:28 am UTC on Mar. 7, with Tender.fi confirming the incident on Twitter soon after citing “an unusual amount of borrows,” and adding it has paused all borrowing. Blockchain data showed the exploiter used a price oracle glitch to borrow $1.59 million worth of assets from the protocol by depositing 1 GMX token, valued at around $71. “It looks like your oracle was misconfigured. contact me to sort this out,” wrote the hacker in an on-chain message. Message sent to Tender.fi from the price oracle exploiter. Source: Arbiscan Eight hours later, the DeFi protocol announced it had come to an agreement with the “White Hat” exploiter, in which the hacker would repay all loans mi...