Ethereum Optimism Thief Returns $16M in Stolen Tokens
analysis

Ethereum Optimism Thief Returns $16M in Stolen Tokens

THELOGICALINDIAN - The antagonist who blanket 20 actor OP tokens due to a Wintermute wallet blooper has alternate best of their booty

The antagonist additionally beatific 1 actor OP to Vitalik Buterin and retained 2 actor tokens as a compensation reward. 

Optimism Attacker Gives Back Loot

The antagonist who blanket 20 actor OP tokens acknowledgment to a Wintermute absurdity has alternate the majority of their spoils, Optimism has confirmed. 

The Ethereum Layer 2 band-aid acquaint an update Friday acknowledging that the antagonist abaft the adventure had alternate 17 actor of the 20 actor OP tokens it blanket this week. On Wednesday, Optimism announced that Wintermute had aback absent 20 actor OP tokens due to an Ethereum wallet error. 

Optimism had accepted the funds to the clamminess accessories account to advice bazaar participants attractive to barter the recently-launched OP token on centralized exchanges. However, back Wintermute deployed a Gnosis Safe wallet on Ethereum mainnet after blockage that it had been deployed on Optimism, an antagonist auspiciously took ascendancy of the wallet on Layer 2 and blanket the funds. 

On-chain data shows that the antagonist began abiding the funds to Optimism’s multi-signature wallet in a alternation of affairs backward Friday afternoon. They additionally beatific 1 actor tokens to Ethereum architect Vitalik Buterin Thursday, which Optimism has accepted “is actuality recovered.” Interestingly, the antagonist additionally larboard a bulletin to Buterin in an Ethereum transaction. They wrote: 

“Hello, Vitalik, I accept in you, aloof appetite to apperceive your assessment on this. BTW, advice to verify the acknowledgment abode and I will acknowledgment the actual afterwards you. And accost Wintermute, sorry, I alone accept 18M and this is what I can return. Stay Optimistic!”

With 18 actor tokens beatific to Optimism and Buterin, that leaves the antagonist with a 2 actor OP bounty. At accepted prices, the alternate funds are account about $16.38 million, while the attacker’s compensation is account the agnate of $1.82 million. According to Optimism’s announcement, Wintermute has agreed to balance the Layer 2 arrangement for the 2 actor OP bounty. 

OP bounced 9.8% today admitting a abatement beyond the broader market. Per data from CoinGecko, it’s currently alteration easily for about $0.91. 

Disclosure: At the time of writing, the columnist of this allotment endemic ETH and several added cryptocurrencies.