Renegade recovers $190K after hacker returns 90% of stolen funds
Crypto Briefing
DeFi protocol Renegade recovered $190,000 after a hacker returned 90% of stolen funds following an exploit of an unprotected contract initializer.Summary
The Arbitrum-based DeFi protocol Renegade recently suffered a $209,000 exploit due to a vulnerability in an unprotected initializer within its dark pool proxy contract. The attacker drained 27 different ERC-20 tokens but complied with a negotiation initiated by the platform, returning 90% of the funds while keeping approximately $21,000 as a bounty. While the protocol urged users to revoke token approvals associated with the compromised address to ensure security, the incident highlights ongoing concerns regarding the rigor of smart contract audits in the DeFi ecosystem.
(Source：Crypto Briefing)