May 3, 2024

dForce returns crypto assets stolen as a result of hacker attack to users

Decentralized finance protocol dForce announced a full refund of crypto assets to users,stolen as a result of a recent hacker attack of $ 25 million

About a week ago, the DeFi dForce application wasan attack was committed, as a result of which hackers withdrew all assets from the Lendf.Me credit platform in the amount of $ 25 million. A few days later, the hacker unexpectedly returned most of the stolen funds. According to dForce on Twitter, more than 90% of the assets were distributed among users in less than 24 hours.

Given that the hacker managed to convert notBefore returning all assets, dForce decided to restore the remains of most portfolios to the state before the protocol was hacked, and now crypto assets of users are safe. dForce emphasized that the return of user funds is one of the priority tasks.

dForce outlined the procedure for the withdrawal of assets andcredit deductions. Users who have account balances can apply for withdrawal of funds, which will be processed individually. For those who do not apply, the assets will be automatically returned within a week. If users had loans at the time of hacking, then they need to pay them back within a week in order to return their collateral.

If they do not, dForce uses thiscollateral for payment of outstanding loans, and balances will be returned to the addresses of users in the form of stablecoins. In addition, dForce warned of frequent phishing attacks, therefore, for security reasons, it was recommended to conduct transactions only through the official website.

Recall that in March, hackers stole more than 1.4 million XRPs using the fraudulent Ledger Live extension for the Chrome browser, and last year they hacked the NULS project and appropriated about 2 million coins.

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