After talking with the hacker who caused a recent breach, crypto lender Shezmu was able to get back almost $5 million in stolen cryptocurrency. The discovery happened after Shezmu agreed to a bigger reward than what was first offered.
Cheifan Shou, co-founder of the blockchain analytics company Fuzzland, reported on September 21 that a Shezmu storage vault had been broken into and that coins worth about $4.9 million had been stolen. It’s still not clear if what happened was a real hack or just a rug pull.
Shezmu Confirms Vault Breach
Shezmu admitted that one of its ShezUSD vaults had been broken into. They then contacted the hacker, offering a reward for the money’s return and saying they would not take any legal action. After negotiating down from its original offer of 10%, the hacker asked for 20% of the stolen money as a reward, which hacker agreed to.
After agreeing to do so, the hacker started sending back stolen Dai tokens. First, they sent back 282.18 Ether, and then they sent back another 137 Wrapped Ether. Not all of the money has been returned yet, though, and hacker has told owners to avoid using its Oasis vault until more information comes in.
Also, more than 60 days after a similar hack, the Indian cryptocurrency exchange WazirX is still missing $230 million in payments. Liminal is being blamed by WazirX for not being able to find the stolen money. But Grant Thornton, an outside auditing firm, found no proof that the hack came from Liminal’s computers.
CoinSwitch, a competing exchange, has gone to court to get back $6.2 million, or about 2% of its assets, because users are getting more and more angry.
