A WHITE HAT RETURNED AROUND $7.8 MILLION OF THE FUNDS STOLEN BACK TO CREMA FINANCE TEAM!
Crema Finance received 6,064 ETH ($7 million) and 23,967 SOL ($870,000) from a hacker who stole 69,422.9 SOL and 6,497,738 USDC stablecoin (roughly $9 million) following a flash point loan exploit on Sunday.
Four transactions were made to deposit the funds into the team’s Solana and Ethereum wallets.
After agreeing to keep 45,455 SOL ($1.65 million) as a bounty payment, the hacker returned the stolen money, according to Crema Finance.
According to The Block, the team has referred to the hacker as a white hat. A term used to describe ethical hackers, indicating that the business is not seeking to file a lawsuit against the unidentified hacker.
Before the negotiation, the company immediately offered the attacker an $800,000 reward before contacting law enforcement and initiating an investigation.