The hacker is reportedly well-known in the crypto community
Based on the project’s Discord, the person behind the hack was reportedly well-known in the crypto community after leaving a significant amount of personally identifiable information. All seven bitcoin wallets holding the attacker’s funds are also known.
In a series of tweets, Harvest Finance said the hack took place because of a mistake on its part and left the door open for the hacker to return the funds without any consequences.
“We made an engineering mistake, we own up to it. Thousands of people are acting as collateral damage,” Harvest Finance said.
“We do not have any interest in doxing the attacker, (or arbitrageur). People should have their privacy,” it said. “You’ve proven your point. If you can return the funds to the users, it would be greatly appreciated by the community, and let’s move on.”
DeFi is a fusion of traditional bank services with decentralized technologies such as blockchain. Due to its inclusive format, it also goes under the name Open Finance. The community pushes to build alternatives to financial services that are currently present, which include items such as checking and savings accounts, asset trading, insurance, and loans, among others.
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