#seguridasyhackeos 1inch recovers most of the USD 5 million stolen after negotiating with the hacker
The decentralized exchange (DEX) aggregator 1inch suffered a vulnerability in its smart contracts on March 5, specifically in an outdated version of its Fusion v1 contract. Despite the attack, the platform managed to recover most of the USD 5 million stolen after negotiating with the hacker and offering a reward.
The attack did not affect end users, as it specifically targeted the market maker TrustedVolumes. After detecting the breach, 1inch reimplemented its smart contracts to prevent future incidents.
This case highlights the security challenges in the DeFi ecosystem, but also reflects a growing trend of "white hat" hackers who choose to return stolen funds in exchange for rewards for detecting vulnerabilities.