Team Finance hacker returns $7M to associated projects after exploit By Cointelegraph

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Team Finance hacker returns $7M to associated projects after exploit

Four projects have received some $7 million worth of tokens from the hacker behind the $14.5 million Team Finance exploit on Oct. 27. Over the weekend, the attacker confirmed in a series of messages that they would keep 10% of the stolen fund as a bounty and return the other tokens to the affected projects.

The exploiter — a self-described “whitehat” — drained assets from Team Finance through the v2-to-v3 migration. As reported by Cointelegraph, liquidity from Uniswap v2 assets on Team Finance were transferred to an attacker-controlled v3 pair with skewed pricing, explained the blockchain security firm PeckShield.