In a surprising turn of events, Sentiment XYZ Exploiter, the individual responsible for the recent theft of funds from the popular decentralized finance (DeFi) platform, Sentiment Xyz, has returned most of the stolen funds. This news is a relief to the Sentimentxyz community, who 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.
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 their 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.
DeFi projects have recently experienced a surge in scamming 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.
