Decentr Swap Wallet Exploit TLDR

  • Immediately issued a new hardware swap wallet and updated the swap address on our Google forms so no users sent funds to the hacked swap address.
  • As the team have no tokens vested until January 2022, we clawed back 3.6m tokens from our advisors to counter the missing tokens in the supply — ERC20 tokens are “locked” in the swap wallet and new tokens are issued on the Decenter mainnet. By not having these tokens in the swap address, there were technically additional tokens in the ERC20 circulating supply.
  • Received contact from the hacker and tried to negotiate a bounty for return of the DEC tokens. The hacker at this point sold a small amount of tokens to prove they had control of them.
  • Drafted an announcement to the community to notify DEC tokens holders of the exploit.
  • Continued to negotiate return of the tokens. When it became apparent we wouldn’t be able to negotiate return of the tokens, we immediately pushed the exploit notification to the community to make them aware.

Your data is value. Decentr makes your data payable and tradeable online. Decentr.net Medium.com https://rich-james.medium.com/ t.me/DecentrNet

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Your data is value. Decentr makes your data payable and tradeable online. Decentr.net Medium.com https://rich-james.medium.com/ t.me/DecentrNet

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