Indexed Finance has unmasked hacker who stole $16 million

The DeFi protocol was hacked on Thursday and the attackers allegedly stole $ 16 million.

Indexed Finance, a decentralized finance (DeFi) protocol that allows token holders to track market indices, is reported to have unmasked the hackers behind last week’s attack.

On Thursday, the DeFi protocol announced that the attacker had been hit by a flash loan attack that earned $ 16 million. After flooding the protocol with new assets and influencing prices, hackers allegedly created millions of new tokens worth.

and update The index team given after the attack described the hack as follows:It was pretty devastatingAffected the DEFI5 and CC10 indexes. In the ex post facto report, the address used to steal the funds was also shown as 0xba5ed1488be60ba2facc6b66c6d6f0befba22ebe.

Remove the attacker’s mask

Hours after the attack, Indexed Finance asked hackers to hold 10% of their money and return the rest. However, after the offer expired and after the ultimatum that 100% of the stolen funds would be returned, the team revealed that it had created a link to identify the hacker.

“”We have identified an indexed attacker and found a link to the exchange.Currently presenting an ultimatum“Indexed DAO member Lawrence Day Said Saturday.

The team went on to investigate the attack, although it was initially overlooked. It is shown The attacker used the cryptocurrency exchanges FTX and Kraken accounts to fund the wallet. On both exchanges, users need to know the customer’s check completely. Something Indexed Finance could dig into to reveal the face behind the $ 16 million robbery.

“”Minutes before the deadline, @ZetaZeroes made changes to his account to make him realize in the last moment that he was much younger than he expected.,”protocol I have written..

Although the hacker’s identity has been confirmed, Indexed Finance has “pending” disclosure of details due to internal discussions on how best to proceed given the hacker’s age. ..

It’s not clear what Indexed Finance is planning, such as whether to seek help from law enforcement agencies.

In the market, NDX tokens have been placed in 7% tanks in the last 24 hours and continue to face downward pressure. At the time of writing, tokens were trading at around US $ 2.94 against US $.