The dForce hacker has returned nearly all of the stolen funds from this weekend’s $25 million exploit, China confirms its digital yuan wallet test while big tech vows not to sue you.
Scanning transactions on the Ethereum blockchain shows that a wallet address conspicuously called “Lendf.Me Hack” has sent a series of ether, bitcoin derivatives and an assortment of stablecoins payments to the admin address for the Lendf.Me project. As of Tuesday morning, the amounts total around $24 million, or about $1 million short of the initial attack. The hacker’s motives are unclear.
You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Here’s the story:
The hacker that drained $25 million in cryptocurrency from decentralized finance protocol dForce over the weekend has returned roughly $24 million of the stolen funds. Multiple transactions from an address labelled “Lendf.Me Hack” were sent to the admin address for the Lendf.Me project, as seen on the Ethereum blockchain. Curiously, the hacker did not return exactly the same balance of assets as were stolen, but returned some of the value in other types of tokens.
China’s central bank confirmed it will be testing a mobile application for storing and exchanging the digital yuan, after screenshots circulated on social media. The People’s Bank of China will roll out internal tests for the national digital currency (DECP) in Shenzhen, Suzhou, Xiong’An and Chengdu, according to the bank’s Friday statement, but insists it’s just a test.
A cabinet level department in China said blockchain will join other emerging technologies such as cloud computing, artificial intelligence and the internet of things will form an integral part of the country’s data and technology infrastructure.
The Blockchain Association has filed a…