DeFi Hacker Gives Back $25 Million

Yup. You read that right.

Happy Tuesday, Blockfolians

The Lede

In what has got to be one of the fastest and strangest about faces in hacking history, the person who exploited dForce over the weekend to make off with $25m has…..given it all back.

Apparently, the hacker accidentally left traces of identifiable information that then allowed authorities in Singapore to trace their IP address. Returning the money then became a way to lesson future punishment?

All in all, a weird, weird saga. It’s great for dForce and their users that the locked value was returned, but is still a reminder of how early - and how fragile - DeFi is.

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Are all hackers criminals? | Emsisoft | Security Blog

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Community Commentary

Slow Ventures and Open Money Initiative’s Jill Carlson brings the heat with this narrative violation
Ari David Paul tackles one of the most important issues in crypto today - dollarization

A Really Big Number We Should Be Paying Attention To

$3,000,000,000

That’s the growth in stablecoin issuance in the last six weeks alone, with the total market reaching $9B. Crypto-dollarization is a real phenomenon.


Final Thought

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