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International Business Times
International Business Times
Business
Marvie Basilan

WOOFi Exploiter Moves Over $700K ETH After DeFi Platform Offers Bounty

DeFi Crypto PeckShield Seneca
A wallet which appears to be owned by the hacker of WOOFi moved over $700K in Ether a day after nearly $9 million worth of cryptocurrencies were stolen from the DeFi platform. (Credit: ByBit/flickr.com)

KEY POINTS

  • PeckShield reported the ETH transfer a day after WOOFi revealed that it offered a 10% whitehat bounty
  • The WOO token plunged by 18% after news of the exploit emerged
  • WOOFi said efforts to recover the funds have already been initiated

The exploiter of decentralized finance (DeFi) platform WOOFi appears to have moved nearly 200 Ether (ETH) on Thursday, a day after the platform offered a bounty for the exploited funds' return, as per a cryptocurrency security firm.

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