Certain on-chain signs point to a potential white hat, or ethical hacker, looking for blockchain vulnerabilities.
Approximately $80,000 worth of Bitcoin BTC tickers down $68,502 was lost in a potential exploit on the BNB Chain involving multiple suspicious transactions.
While $80,000 is considered a small amount compared to the average crypto exploits, it raised questions about the attacker’s intentions.
“The total loss is approximately $80K. The attacker received funding via TornadoCash and has also interacted with the Binance exchange, indicating a possible white hat action.”
Tyler Perry
Some hacks have a happy ending
The potential exploit comes a week after Gala Games was exploited for $23 million worth of Gala (GALA) tokens. According to Gala Games co-founder and CEO Eric Schiermeyer, the exploit occurred due to an issue with “internal controls,” which the team has since fixed.
The return of the funds came after Gala’s co-founder and CEO, Eric Schiermeyer, said in a May 20 X and Discord post that the alleged attacker had been identified, including “his home address.”
Ethereum validator P2P.org enables ETH restaking on EigenLayer
Buterin has recently taken to Farcaster multiple times, pushing for community-centric solutions and initiatives prioritizing privacy preservation and exploitation fixes.
From proposing remedies to Ethereum’s miner extracted value (MEV) problem to advocating for zero-knowledge (ZK) proof social media augmentation, Buterin’s involvement in the decentralized community should be no surprise.
However, he has yet to comment on the growing community concerns regarding Ethereum Foundation researchers Dankrad Feist and Justin Drake’s joining the ranks of EigenLayer.
The decision to become Advisors at EigenLayer in exchange for substantial compensation in EIGEN tokens sparked significant debate in the crypto community.
