Some of the houses have more than $100,000 and others have less, but the robber only wants to return money to the latter. It’s as if a robber took money from everyone in a gated community, said a Twitter user who goes by the name Ceteris.
The scammer went on to say that “all other money will be donated to charity,” a claim that cannot be verified.īut instead of sending the money to individual crypto wallets, which would give the victims their money immediately, the hacker sent the money back to the liquidity pool accounts, which the victims can’t access. Within hours of the heist, in a Robin Hood-esque move, the scammer put a message in an Ethereum transaction that said he would return stolen funds to those who had less than $100,000 in the affected liquidity pools, where people can exchange one type of cryptocurrency for an equal amount of another from a pot of collective funds. Friday, said Rita Martin, a blockchain investigator at TRM Labs.
The funds were sitting in the attacker’s crypto wallet as of 4 p.m. Through several other stablecoin swaps and by using the so-called “bridges,” Jupiter and Wormhole, the hacker moved the funds from the Solana blockchain to the Ethereum blockchain and exchanged it for the cryptocurrency, Ether. The attacker created about 2 billion additional tokens of the cryptocurrency, which the hacker swapped for other kinds of stablecoins via CashioApp, according to an investigation by blockchain intelligence company TRM Labs. According to CashioApp, the hacker or hackers exploited an “infinite mint” glitch to create counterfeit CASH, Cashio’s stablecoin token.
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