Ethereum worth $3.65 million stolen from dForce service
It was recently revealed that a hacker stole $3.65 million worth of Ethereum cryptocurrency (ETH) from DeFi dForce on February 9.
The decentralized service was subjected to a reentry attack. The attacker borrowed ETH several times, exchanged the assets for Ethereum on wstETH stacking, used them to manipulate the wstETH rate, and converted wstETH to ETH at an inflated price, getting, for example, 4458 ETH for 3806 wstETH instead of the proper 3806 ETH. These machinations brought the perpetrator a haul of about 2,300 ETH.
Upon learning of the theft of the cryptocurrency, dForce employees suspended all smart contracts to prevent the theft of the remaining digital assets. According to DeFi representatives, the hacker's actions caused the platform to incur a debt of $2.3 million. However, the service's clients were not affected because their money remained safe.
The dForce team sent a message to the organizer of the cyberattack using the Arbitrum network transaction. The DeFi employees informed the hacker that they allegedly managed to find out his IP address and other personal information and offered to return the stolen coins voluntarily for a reward. Otherwise, the law enforcement authorities will catch the hacker.
