As per reports, the anonymous hacker, who exploited the DeFi platform Sentiment, has returned all of the stolen assets to the platform.
“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: etherscan.io/address/0x7582 Peckshield, a blockchain security and analytics company, said in a tweet.
The exploiter was able to manipulate the pricing of an oracle for a Balancer LP token, using this to exploit the Sentiment protocol. This allowed them to borrow against the maliciously inflated asset price, resulting in the extraction of funds from Sentiment. Ultimately, this left Sentiment with bad debt totaling around $1,092,191.98 at the time of the exploit.
The exploitation of the Sentiment protocol highlights the vulnerability of DeFi platforms to cyber attacks. However, the successful recovery of the stolen funds after negotiations between the Sentiment team and the anonymous hacker is a positive development.
This underscores the importance of strong security measures and the prompt resolution of any issues that arise.
The hacker converted all of the stolen funds to ETH and then transferred them through multiple bridges from Arbitrum to the Ethereum mainnet after successfully exploiting the DeFi platform Sentiment. Following successful negotiations, the exploiter returned the funds to the Sentiment.
