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dForce Confirms Return of $3.65M Exploited Funds Back to Vaults

dForce, the popular DeFi protocol, recently announced the return of its 3.65 million dollars lost to an exploit. All the exploited funds have been returned to the Arbitrum and Optimism vaults.

Peckshield, the on-chain security firm, confirmed that dForce had a security breach on February 13. dForce instantly restricted its vaults to secure the remaining funds. The move worked well, as the firm saved the rest of the funds from the breach.

In a quick turn of events, the DeFi protocol managed to get all the exploited funds back within three days. In addition, dForce has announced that it will compensate every affected user, making it a perfect ending for everyone.

According to the latest string of tweets by dForve, the protocol found the exploiter, who identified himself as a whitehat. Negotiations were conducted with the breacher, and the protocol offered a bounty. Moreover, the dForce agreed to drop the investigations and legal actions against the attacker.

(By David Cox)

Get the latest news here: Cointime channel — https://t.me/cointime_en

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