White Hat Hacker Rescues 1003 ETH Trapped in 2016 ICO Contract for 9 Years
A developer known as Florent executed a white-hat exploit to recover 1,003 ETH ($2 million) locked in a 2016 ICO smart contract for nearly a decade, allowing original investors to reclaim their funds.
A developer operating under the pseudonym Florent has successfully recovered 1,003 ETH (approximately $2 million) that had been trapped in a smart contract from a 2016 initial coin offering for the past nine years. The funds were inaccessible due to a flaw or design of the original contract.
Florent executed a "white hat" exploit, meaning the intervention was ethical and aimed at returning the assets to their rightful owners. The recovery now enables the original ICO investors to reclaim their funds nearly a decade after the token sale.
No other details about the specific ICO or the exploit method were disclosed in the source.
Source: MarketTwits