DeFi lending platform Sentiment has responded to a re-entry attack that resulted in the loss of $1 million worth of cryptocurrency by offering a $95,000 reward to the hacker or anyone with information that could help Sentiment find and prosecute. to the attacker.
As previously reported by crypto.news, the hacker exploited a vulnerability in the Sentiment smart contract on the Arbitrum blockchain and repeatedly pulled funds from the protocol before its status could be updated.
The Sentiment team announced the incident on Twitter on April 5, saying it had paused the main contract and restricted the functionality to only allowing withdrawals.
The team also confirmed that they had hired third-party security auditors to fix the issue, allow users to pay off their debts, and undo their positions.
Feeling reaches the attacker
In an attempt to recover the stolen funds, the Sentiment team also posted a message on arbiscan.io, a block explorer for Arbitrum, which offers a 10% reward to the hacker if they return the rest of the funds.
“To the hacker: We will offer you $95k and not go through with this, if you return the money before 8am UTC on April 6th. Everyone else: If the hacker hasn’t returned the funds in the time frame indicated, we’ll give anyone the same $95,000 if they help us find and prosecute the person responsible for this theft.”
Feeling, message to hacker.
At press time, Sentiment had not yet indicated whether the hacker had responded to the message or contacted the platform.
The Sentiment hack is the latest in a series of attacks on DeFi platforms that have exposed the risks and challenges of decentralized finance. The DeFi market has seen several blown up and hacked this year, with millions of dollars in crypto assets stolen or lost.
Some notable incidents include the Euler Finance hack that resulted in almost $200 million worth of losses, the Bong DAO exploit that drained $88 million in funds, and the Platypus Finance flash loan attack where the hacker reportedly he took $9 million worth of crypto.
