dForce Returns Recovered Stolen Funds to Its Users

dForce, a Chinese decentralized finance (DeFi) platform, has returned the stolen funds from the platform to the victims.
In a tweet on Monday, the DeFi platform stated that “over 90% of assets have been distributed to users in less than 24 hours,” and “100% users have been made whole in the recovery.”

The platform was hacked on April 19 and the hacker siphoned $25 million in Ether, all the locked-in assets on the platform.
Though reports surfaced that the hacker was trying to negotiate with the company, all the last week. The platform, however, did not disclose the reason behind such a change of conscience to the attacker’s mind.
The fiat value of the returned sum, however, was a few hundred dollars less than the original stolen amount as the attacker converted a chunk of the stolen proceeds to other digital currencies.
Efforts to smoothly distribute victims’ funds
According to an official on Sunday, dForce was establishing a proper risk management procedure to distribute the funds to the victims and also engaged a third-party auditor for the task.
The platform also developed an asset recovery system for the transactions of user assets back to their Metamask wallets.
“The Lendf.Me smart contracts were compromised during the attack. As a result, we indefinitely paused the Lendf.Me contract and built a new Asset Recovery System to return the stolen assets to users,” the company stated.
“Given that hacker was only able to exchange a few assets before returning the funds, we have elected to rebalance most of the portfolio back to the last state prior to the contract being attacked and the pausing of the contract. Users will be made whole.”
Notably, before the attack, was the seventh-largest DeFi platform in terms of locked-in assets with $25 million, as seen on DeFi Pulse. However, now the platform is only left with $10,000 in locked-in asset value.

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