SafeMoon reaches deal with hacker to recover 80% of funds

The thief who stole about $9 million from SafeMoon’s liquidity pool on the BNB Chain DEX agreed to return 80% of the withdrawn funds in exchange for dropping the pursuit.

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Breaking News: #SafeMoon has struck a deal with the “hacker”

80% LP return imminent.
20% bounty for “hacker”
And no charges pressed

Now, back to your regularly scheduled program. ?? pic.twitter.com/x94fSb4EoP

— SafeMoonSpidey.sfm ⎷ (@SafeMoonSpidey) April 18, 2023

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The exchange team disclosed the agreement with the hacker in the signature to the deployment-address transaction.

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“In particular, SafeMoon will take 80% of the amount, and the other side will retain the remainder as a reward. The platform also agreed not to press any lawsuits. After careful consideration of the circumstances, we believe this best serves the interests of SafeMoon and the community,” the team wrote.

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The attacker contacted the project’s developers shortly after the incident and assured them of the intention to return the funds. He described the attack as ‘accidental’.

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The incident occurred on March 28, and on April 11 the SafeMoon team informed users that they were continuing ‘working on the recovery of the funds’.

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Greetings, #SAFEMOON family.

We hope you are all well.

As we continue working on the recovery of the LP funds, we appreciate that this is a challenging situation and that people might feel frustrated. We are truly thankful to you all for your continued patience and support…

— SafeMoon (@safemoon) April 11, 2023

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As reported in early April, the hacker who breached the Sentiment DeFi liquidity protocol returned 90% of the stolen funds.