Tender.fi Hacker Returns Stolen Funds

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Last Updated on March 8, 2023 by Bitfinsider

On-chain data indicate that a hacker responsible for a $1.59 million exploit on Tender.fi, an Arbitrum-based loan site, has now refunded money.

Earlier today, the intruder exploited a misconfigured data oracle to borrow $1.59 million in crypto assets with only a single GMX token worth $70 as security, an expensive mistake for the protocol.

PeckShield and BlockSec, two security firms, were fast to examine the issue and found that the odd loan was caused by a misconfigured oracle used by Tender.fi, an Arbitrum-based financing platform.

At 1:30 p.m. EST, the hacker started repaying the debts after the two sides reached an agreement via on-chain communications. The Tender.fi crew decided to give the hacker 62 ETH ($96,500) as a bounty prize.

Tender.fi made a statement regarding the return of the money and vowed to provide a post-mortem report. “The thief has finished repaying the debt. Funds are formally SaFu, and a postmortem is in the works “It stated.

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