Crypto lender Shezmu recovers hacked funds through negotiation
Shezmu recovers nearly $5 million in stolen crypto through negotiations with the hacker, agreeing to a higher bounty. Meanwhile, WazirX struggles with unresolved losses.
Leveraging yield protocol, Shezmu recovered nearly $5 million of stolen funds within hours following a successful negotiation with the hacker.
On Sept. 21, Chaofan Shou, the co-founder of blockchain analytics firm Fuzzland, alerted against a compromised storage vault belonging to Shezmu. While uncertain if the incident was a rug pull or a genuine hack, Shou confirmed that roughly $4.9 million worth of cryptocurrencies was stolen in the process.
Source: Chaofan Shou
