DForce Hacker Returns $ 25 Million In Stolen

A mysterious hacker allegedly stole $ 25 million (£ 20 million) in cryptocurrency and then returned the funds two days later.

Mr. Yang has promised a further update on the situation today. The BBC has also contacted DForce for comment. In a technical blog about the alleged hack, blockchain security company PeckShield explained how the attacker managed to remove the cryptocurrency by tricking the DForce system. In essence, the attacker was allegedly able to withdraw funds by convincing the system that money had been deposited, when in fact it had been diverted.

Records show that funds in a variety of cryptocurrencies were withdrawn from the China-based DForce platform.

A sum of $ 10 million in Ethereum was taken, for example, while another $ 10 million was taken in digital currencies pegged to the US dollar and $ 4 million in other currencies.

Now roughly the same amount has been returned, albeit in a different combination of cryptocurrencies.

DForce is an online service that allows users to transact cryptocurrency with each other.

“Hackers have tried to contact us and we intend to enter into discussions with them,” DForce founder Mindao Yang wrote in a blog shortly after the attack occurred on Sunday.

“This attack not only harmed our users, our partners and my co-founders, but also me personally. My assets were also stolen in this attack,” he added.

Mr. Yang has promised a further update on the situation today. The BBC has also contacted DForce for comment.

In a technical blog about the alleged hack, blockchain security company PeckShield explained how the attacker managed to remove the cryptocurrency by tricking the DForce system.

In essence, the attacker was allegedly able to withdraw funds by convincing the system that money had been deposited, when in fact it had been diverted.

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