The white-hat hacker claims to have mercifully minimized the damage of their $8 million exploit in a bid to teach THORChain a lesson.
Cross-chain decentralized exchange THORChain has suffered its second multi-million-dollar hack in as many weeks, with $8 million worth of Ether impacted.However, the attack appears to have been carried out by a white-hat hacker, with THORChain announcing the perpetrator had requested a 10% bounty. ETH will be halted until the code has been audited.Liquidity providers impacted by the exploit will be subsidized using the project’s treasury fundsThe whitehat requested a 10% bounty – which will be awarded if they reach out, and they should be encouraged to do so. It is a tough time for the community and project, and the pain is real. The treasury has the funds to cover, but it’s time to slow down.— THORChain (@THORChain) July 23, 2021
The exchange — which is still in the middle of a staged
