Whitehat Developer Recovers 1,003 ETH Stuck in 2016 ICO Contract
A developer known as Florent has rescued 1,003 ETH (worth about $2 million) that had been locked in a 2016 ICO smart contract for nine years. The whitehat exploit now allows original investors to reclaim their funds.
A developer operating under the alias Florent has successfully extracted 1,003 ETH (valued at approximately $2 million) from a smart contract associated with a 2016 initial coin offering (ICO). The funds had remained inaccessible for nine years due to a flaw in the original contract.
The whitehat exploit was designed to unlock the trapped tokens and return them to their rightful owners. According to the developer, the fix enables original ICO participants to finally reclaim their investments after nearly a decade.
No further details on the specific ICO or contract mechanics were provided beyond the rescue operation itself.
Source: Cointelegraph