The unidentified hacker behind the theft of more than $50 million from Solana-based stablecoin protocol Cashio has set certain conditions for returning the stolen funds to affected users.
- The Cashio hacker has set the conditions for returning the stolen funds from the decentralized platform. Data from Etherscan shows that someone is in control of the wallet associated with the exploit, detailing how restoration can happen for those affected by the attack.
- The hacker provided six conditions, some of which asked affected users to specify the amount to be refunded, provide their ETH address as refunds would be made in ether. They have to give the users details about the source of their money and why they need a refund.
- Furthermore, the delinquent promised to refund the affected liquidity providers if they could show proof of the initial amount they had. Meanwhile, the Cashio attacker said he had already returned accounts with less than $100,000 in his wallet.
- Interestingly, the unidentified hacker said that the attack was aimed at taking money from holders of large wallets who did not need the money and not customers with smaller accounts.
- As previously reported by cryptopotato A few days ago, Cashio suffered an infinite minting glitch after hackers exploited the protocol’s smart contract, which allowed attackers to print an infinite amount of cash stablecoins.
- As a result, the value of CASH fell from $1 to almost zero. Meanwhile, a postmortem by Cerber Labs, the decentralized exchange that supports the Cashio application, revealed that it is offering a $1 million USDC reward if the attacker returns a refund.
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