$8.5M, the amount lost in this hacker attack on Term Labs.
The money didn’t stay on-chain for long; it was directly sent into Tornado Cash for mixing, and the trail basically ends there, making recovery hopes slim.
This isn’t the first on-chain security incident this year either. When contract-related protocols have issues, the ones who suffer are still the users who put their money in. After this round, protocols holding funds in the $ETH ecosystem will likely have their audit records dug up and reviewed all over again.
The money didn’t stay on-chain for long; it was directly sent into Tornado Cash for mixing, and the trail basically ends there, making recovery hopes slim.
This isn’t the first on-chain security incident this year either. When contract-related protocols have issues, the ones who suffer are still the users who put their money in. After this round, protocols holding funds in the $ETH ecosystem will likely have their audit records dug up and reviewed all over again.