The post Dolomite Exchange Recovers 90% of Stolen Funds Post $1.8 Million Hack appeared first on Coinpedia Fintech News
Events in the crypto space often take turns no one could have seen coming! Here’s the latest buzz.
The Dolomite crypto exchange has successfully recovered a substantial 90% of the funds lost in a recent hack, thanks to the assistance of a white hat hacker. This unexpected collaboration not only brought relief to the exchange but also highlighted the crucial role of teamwork and vigilance in making things like this happen.
A Week of Turmoil
Just last week, Dolomite faced a significant cyber threat when hackers exploited a contract dating back to 2019, resulting in a hefty loss of $1.8 million, equivalent to 541 ETH. The breach allowed unauthorized access, enabling the perpetrators to siphon off approximately $1.8 million worth of USDC. The stolen funds were quickly laundered through the network, converted into 541.5 ETH and 94,000 DAI.
Vulnerability Exp
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