• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

2025-05-12

Bitcoin Nodes, Censorship, and Big Blockheads

2025-05-12

💼 The Investing Game Has Changed! 🌐🚨

2025-05-11

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

    2025-05-12

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    2025-05-09

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    2025-05-09

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02
  • Videos

    Bitcoin Nodes, Censorship, and Big Blockheads

    2025-05-12

    💼 The Investing Game Has Changed! 🌐🚨

    2025-05-11

    Is It Safe To Run Bitcoin Core?

    2025-05-11

    Solana’s Path to $1000 Starts Here — Don’t Miss This Update

    2025-05-11

    Recap: INSANE Comeback! 📈 Wild Stats & Epic Rebound! 🤯💥

    2025-05-10
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»DeFi»Hacker returns stolen funds to Tender.fi, gets $97K bounty reward
DeFi

Hacker returns stolen funds to Tender.fi, gets $97K bounty reward

2023-03-07No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The hacker behind the exploit of the decentralized finance 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 March 7, with Tender.fi confirming the incident on Twitter soon after, citing “an unusual amount of borrows” and adding it hapaused 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,” the hacker wrote 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 minus a 62.16 ETH “bounty,” worth around $97,000 at current prices. 

Translation: The White Hat will repay all loans minus 62.158670296 ETH, which will be kept as a Bounty for helping secure the protocol. The https://t.co/H4ZMPLH9pz Team will repay the Bounty s value to the protocol, so that there will be no bad debt and users will remain… https://t.co/5bbmKu7zEe

— Tender.fi (@tender_fi) March 7, 2023

Another hour later, Tender.fi confirmed on Twitter that the exploiter had completed the loan repayments.

“Funds are officially SaFu, post mortem on the way,” it wrote. 

Related: DeFi lender Tender.fi suffers exploit, white hat hacker suspected

Last year in August, cross-chain Nomad Bridge appealed to exploiters that participated in a smart contract exploit that extracted $190 million in funds from the bridge in less than three hours.

See also  DeFi in Trouble? How Crypto Prepares for New Regulatory Wave in the US

Mere hours later, approximately $32.6 million worth of funds were already returned, suggesting some of the exploiters may have been white hat hackers attempting to extract funds for a later safe return.

Later in the month, nonfungible token firm Metagame even offered a “Whitehat Prize” in the form of an NFT for anyone who proved they had returned at least 90% of the funds they stole from the protocol.

1/ Our friends at @metagame created an earned NFT as a thank you to whitehats who returned funds from the Nomad Bridge Hack. Head over https://t.co/TWwuJwnRXj to claim it! pic.twitter.com/V87rkGhBEE

— Nomad (⤭⛓) (@nomadxyz_) August 23, 2022

Blockchain data from the Official Nomad Funds Recovery Address shows that funds continued to be returned to the recovery address since then, with the latest transaction recorded on Feb. 18 for $7,868 in Covalent Query Token (CQT).

97K Bounty funds Hacker returns Reward stolen Tender.fi
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Oil vs Gold vs Bitcoin: 5 Year Investment Returns

2025-05-01

Retail Investors vs Hedge Funds: A Market Revolution!

2025-04-07

Top Crypto Exchange CoinEx Has Huge Offer The Best Place To Buy Crypto As Bull Market Returns!

2025-04-04

5 CRYPTOS TO BUY DURING THE CRYPTO CRASH! (BEST RETURNS!!)

2025-04-03
Add A Comment

Leave A Reply Cancel Reply

Top Posts
DeFi

Uniswap Wallet Forays Into Top 75 Finance Apps in the US

2023-05-04

DeFi Uniswap Wallet recorded a high of 20K unique users since its launch on Apr.…

Videos

BANKS WILL FAIL EVERY WEEK BECAUSE OF BTC!

2024-05-13

I will show you how I make significant gains in the crypto market! You want…

NFT

Cross-Chain NFT Staking Is Here, All You Need to Know

2024-03-15

NFT Staking — A unique and innovative way crypto investors use not only to buy…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

2025-05-12

Bitcoin Nodes, Censorship, and Big Blockheads

2025-05-12

💼 The Investing Game Has Changed! 🌐🚨

2025-05-11

Is It Safe To Run Bitcoin Core?

2025-05-11
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 103,927.85
ethereum
Ethereum (ETH) $ 2,600.24
xrp
XRP (XRP) $ 2.58
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 655.26
solana
Solana (SOL) $ 178.58
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.234957
cardano
Cardano (ADA) $ 0.815616
tron
TRON (TRX) $ 0.275596
bitcoin
Bitcoin (BTC) $ 103,927.85
ethereum
Ethereum (ETH) $ 2,600.24
xrp
XRP (XRP) $ 2.58
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 655.26
solana
Solana (SOL) $ 178.58
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.234957
cardano
Cardano (ADA) $ 0.815616
tron
TRON (TRX) $ 0.275596