​​ Hacker withdrew $300,000 from Olympus DAO and recovered sto | Crypto Sale

​​ Hacker withdrew $300,000 from Olympus DAO and recovered stolen funds

So far the motive for the return is unclear - perhaps the project encountered a "white hacker," or the attacker changed his mind about the funds received. The hack occurred on Friday morning, after which the developers said:

"The hacker was able to take approximately 30,000 OHM (about $300,000) out of the OHM contract in the Bond protocol. The vulnerability was not discovered in the three audits or in our internal code reviews. There were also no reports of the vulnerability on the Immunefi platform. We have closed all markets exposed to the vulnerability and all other tools in the security."

A few hours later, however, the Olympus team reported that all stolen funds had been recovered and work was underway with Bond Protocol to resume operations.

As PeckShield stressed, the vulnerability was discovered in the Bond Protocol contracts themselves, so the Olympus DAO team is not responsible for the hack. The hacker used the vulnerability in the BondFixedExpiryTeller smart contract.

Note that if the hacker had reported the vulnerability to the Immunefi platform, he could have claimed a reward of up to $3.3 million.

A few days ago, the DeFi Moola Market protocol was hacked. The hackers managed to withdraw $9 million in assets.