The Tender.fi hacker has returned the funds and obtained 62 ETH reward
On March 8, according to the data on the chain, the hackers who attacked Tender.fi, the Arbitrum eco-lending agreement, have returned their funds, and the Tender.fi team agreed to pay 62 ETH (US $96500) to the hackers as a reward. The official team said that the post-event review was in progress.
Interpretation of this information:
On March 8, it was reported that the hackers who attacked Tender.fi, an Arbitrum eco-lending agreement, have returned their funds. This development may come as a surprise to many, as crypto hacks have been known to end in losses for affected parties. However, this outcome may also have been influenced by the fact that Tender.fi agreed to pay the hackers a reward of 62 ETH, which amounts to approximately $96500.
The decision to pay the attackers may seem controversial, but it is not uncommon in the crypto space. In fact, some companies have implemented reward programs as a strategic deterrent against hackers. By offering a reward for discovering vulnerabilities and reporting them to the company, some businesses hope to catch potential attackers before they can do any damage. Additionally, reward programs can help build a positive relationship between the company and the security researcher community.
It is worth noting that Tender.fi has not disclosed how the attackers were able to exploit vulnerabilities within its system, or whether any user data was compromised. However, the company has stated that a post-event review is currently underway. This review is likely to examine the security protocols in place at Tender.fi, and assess any shortcomings that may have made the platform vulnerable to attacks.
Overall, the decision to pay the hackers and the subsequent return of the stolen funds may signal a new trend in the crypto industry. As cybersecurity becomes increasingly important, companies may become more open to rewarding those who work to improve their security posture. However, it remains to be seen whether this approach will prove effective in the long term.
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