{"id":45241,"date":"2023-02-13T17:54:45","date_gmt":"2023-02-13T21:54:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=45241"},"modified":"2023-02-13T17:54:48","modified_gmt":"2023-02-13T21:54:48","slug":"dforce-verifies-return-of-3-65-million-to-their-vaults","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/dforce-verifies-return-of-3-65-million-to-their-vaults\/","title":{"rendered":"DForce verifies return of $3.65 Million to their vaults"},"content":{"rendered":"\n

The exploited funds have been returned to to Optimism and Arbitrum vaults, according to DForce, a decentralized financial system<\/a>. <\/p>\n\n\n\n

\"DForce
DForce verifies the return of $3.65 Million to their vaults<\/figcaption><\/figure>\n\n\n\n

In a hacking attempt three days ago, users of the DeFi protocol lost money on Optimism and Arbitrum<\/a>. On February 13, the dForce network experienced a security compromise, according to onchain security company Peckshield. <\/p>\n\n\n\n

DForce lost around $3.65 million as a result of a reentrancy hack attack on two vaults. To safeguard the security of the remaining cash after the hack, dForce immediately paused the vaults.<\/p>\n\n\n\n

Earlier today, dForce tweeted that all of the monies that had been misused have been returned to their multi-sig on both Optimism and Arbitrum. The tweet called it “a great finale for all” and added that the company would pay all affected users.<\/p>\n\n\n\n

\n

1\/5 On Feb 13, 2023, the exploited funds were fully returned to our multi-sig on both Arbitrum and Optimism, a perfect ending for all.

All impacted users will be made whole, we will announce the details for distribution of the funds over the next few days.<\/p>— dForce (@dForcenet) February 13, 2023\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/blockquote>

The dForce team referred to the exploiter who came forward as a “whitehat,” per the tweet. They agreed to offer a bounty and discontinue all inquiries and legal actions after engaging in negotiations with the exploiter.<\/p>\n\n\n\n

Peckshield claims that despite the damages affecting three crypto assets<\/a>, the breach only compromised the Arbitrum and Optimism layers. Fortunately, other components of the protocol were still secure and functional in dForce Lending. They made a pledge to provide a thorough report later but did not provide any other details on the hack.<\/p>\n\n\n\n

\n

Hi @dForcenet<\/use><\/svg><\/span><\/a> , you may want to take a look: https:\/\/t.co\/htCZcVXvYJ<\/use><\/svg><\/span><\/a><\/p>— PeckShield Inc. (@peckshield) February 10, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

DForce finds a means to avoid the abuseBlockSec, a blockchain security network, supported Peckshield by identifying the attack and connecting it to the read-only reentrancy surrounding the curve pool. <\/p>\n\n\n\n

The oracle price that the dForce Lending protocol<\/use><\/svg><\/span><\/a> uses can also be easily manipulated by the attacker, according to BlockSec. DForce protocol also expressed gratitude to various security communities and platforms for their assistance and support. <\/p>\n\n\n\n

Notably, SlowMist, a blockchain security company, was acknowledged in the protocol for helping with the research. The security team for the protocol acknowledged spending more than $3 million over the last few years on security audits and bounty schemes. <\/p>\n\n\n\n

Furthermore, they are prepared to increase their bounty program's scope in order to promote more ethical hacking because maintaining security is a never-ending task.<\/p>\n","protected":false},"excerpt":{"rendered":"

The exploited funds have been returned to to Optimism and Arbitrum vaults, according to DForce, a decentralized financial system. In a hacking attempt three days ago, users of the DeFi protocol lost money on Optimism and Arbitrum. On February 13, the dForce network experienced a security compromise, according to onchain security company Peckshield. DForce lost […]<\/p>\n","protected":false},"author":43,"featured_media":45243,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[197,13366,12002],"class_list":["post-45241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-defi","tag-dforce","tag-hacks"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/croc_1676319607658.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/45241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=45241"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/45241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/45243"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=45241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=45241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=45241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}