White hat returns $190K to Renegade hours after hacking the protocol

The white hat hacker said the decision to exploit Renegade’s dark pool was made to protect the funds and safety of DeFi users.

The team behind the Renegade.fi protocol said a whitehat hacker returned about $190,000 after exploiting one of its Arbitrum-based decentralized dark pools and later complying with instructions in an onchain message to return 90% of the funds.

Renegade confirmed the return of funds on Sunday after blockchain analytics platform Blockaid flagged the $209,000 exploit at 8:27 am UTC. The hacker injected malicious logic into a faulty function tied to its V1 Arbitrum dark pool to steal 27 ERC-20 tokens.

Data from Arbitrum block explorer Arbiscan shows that the whitehat returned about $190,000 to the Arbitrum wallet address “0xE4A…5CFBE,” which includes $84,370 worth of USDC (USDC), $27,885 in wrapped Bitcoin and $23,950 in wrapped Ether.

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