{"id":318552,"date":"2023-04-18T15:50:48","date_gmt":"2023-04-18T14:50:48","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=318552"},"modified":"2023-04-18T15:50:48","modified_gmt":"2023-04-18T14:50:48","slug":"safemoon-hacker-agrees-to-return-80-of-stolen-funds","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/safemoon-hacker-agrees-to-return-80-of-stolen-funds\/","title":{"rendered":"SafeMoon hacker agrees to return 80% of stolen funds"},"content":{"rendered":"

The SafeMoon hacker agrees to return 80% of the stolen funds taken in last month's liquidity hack, per @SafeMoonSpidey<\/span><\/a>.<\/p>\n

SafeMoon drained for $9 million<\/h2>\n

On March 28, a smart contract vulnerability was exploited, leading to a liquidity drain that netted the attacker $9 million in tokens.<\/p>\n

In the weeks that followed, the SafeMoon community voiced their dissatisfaction with the lack of meaningful updates on the matter.<\/p>\n

For example, a recent post<\/a> announcing “New <\/span>#SAFEMOON<\/span> app builds submitted!<\/span>” was panned for being ambitious and labeled a distraction to gloss over the hack. Likewise, SafeMoon CEO John Karony's calls for patience were slammed as repetitive and avoidant.<\/p>\n

Hacker to return 80% of funds<\/h2>\n

According to @SafeMoonSpidey, both parties struck a deal in which the hacker would return 80% of the funds – leaving him to keep 20% with no charges filed against him. An on-chain message read:<\/p>\n

“After careful consideration of the circumstances, it is believed this is the best in the best interest of SafeMoon and the community.”<\/p><\/blockquote>\n

@SafeMoonSpidey<\/a> said it is “quite possible” that the team was holding out for this resolution before “updating the app.”<\/p>\n

Some replies raised the issue that the hacker was rewarded for criminal behavior. @SafeMoonSpidey preferred to call the 20% reward a white hat bounty reward. Moreover, he added that a return of 80% is better than nothing.<\/p>\n","protected":false},"excerpt":{"rendered":"

The SafeMoon hacker agrees to return 80% of the stolen funds taken in last month’s liquidity hack, per @SafeMoonSpidey. SafeMoon drained for $9 million On March 28, a smart contract vulnerability was exploited, leading to a liquidity drain that netted the attacker $9 million in tokens. In the weeks that followed, the SafeMoon community voiced […]<\/p>\n","protected":false},"author":460,"featured_media":318558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77968,16041],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nSafeMoon hacker agrees to return 80% of stolen funds<\/title>\n<meta name=\"description\" content=\"Under the deal, the hacker will keep 20% of the funds as a bounty reward.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/safemoon-hacker-agrees-to-return-80-of-stolen-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SafeMoon hacker agrees to return 80% of stolen funds\" \/>\n<meta property=\"og:description\" content=\"Under the deal, 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