optimism airdrop There has been a comedy of errors, but it now has a somewhat happy ending.
stealing hacker 20 million optimism (OP) tokens Last week 17 lakh of them have returned. The tokens were meant to be used as a form of governance for the company’s new DAO, the Optimism Collective DAO. a DAOor decentralized autonomous organization, granting voting privileges to the people who govern it token,
Etherscan shows data sent back to OP In 17 separate 1 million token transactions starting at 8 a.m. ET on Friday. Hacker exchanged 1 million OP for ETH, sent another 1 million to Ethereum co-founder Vitalik Buterin and still 1 million is OP in their purse,
one in twitter threadThe Optimism Foundation called the 2 million OPs that have not been returned “a bounty” and was in the process of recovering the 1 million OPs that were sent to Buterin.
Optimism is what an . is referred to as Ethereum Layer-2 Scalping Solution, This means that its transactions often bypass the crowded Ethereum mainnet, But to function properly, the Layer-2 Optimism wallet address needs to be synced with the Layer-1 Ethereum Addresses.
After announcing that it would launch its Native Optimism (OP) token on June 1, the company sent 20 million OPs to the wrong blockchain address. The error resulted in the theft of 20 million OP tokens.
Optimism hired crypto market maker Wintermute to distribute tokens in the highly anticipated airdrop. But because optimism had sent them to a wintermute layer-1 address that was not yet synced with layer-2, they were all out of reach.
Wintermute said that the tokens will remain safe. But within a day a hacker stole all 20 million tokens. At that time they were worth $35 million.
“Hopefully this is a WhiteHat exploit, in which case the remaining funds are potentially recoverable,” Wintermute wrote in a statement. blog post, indicating that only a portion of the token was liquidated after it was stolen. “However, we are currently acting on the premise that this is not the case, as we have not received any communication from them and our message on the chain was left unanswered.”
On Friday, when the token returned in optimism, OP was trading at $0.92 and the returned token was valued at around $15.6 million.
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