Main menu

Pages

The AirDrop Optimism report shows how 20 million OP tokens were lost

 Optimism, the startup of Atrium Scalability, announced Wednesday that the process of retrieving tokens assigned to the Wintermute market maker has been attacked and 20 million OP tokens have been stolen.

The OP token was introduced in late May as part of the Optimism Layer 2 network program to decentralize monitoring and management of the protocol. According to a previous report by Mihan Blockchain AirDrop, this token was issued on May 31 (June 10) and some OP tokens were discarded in order to be presented to foreign sponsors.

According to the official Optimism blog post, the Optimism Foundation partnered with Wintermot to gain access to the Wintermouth liquidity monitoring service and to provide a better and smoother experience for users and buyers of OP tokens and to facilitate their participation in the collective governance of the protocol. In this partnership, 20 million OP tokens were temporarily allocated to Wintermot from the Optimism Foundation Partnership Fund.

But the problem arose because Wintermott mistakenly provided an atrium polynomial address that had not yet been run on optimism. Evgeny Gaevoy, CEO and founder of Wintermot, said the multi-signature address was a Gnosis box.

The optimism team has stated in this regard:

    Wintermot started the recovery process with the goal of implementing a Layer 1 polygraph contract at the same address on a Layer 2 platform; Unfortunately, before the end of the recovery process, an attacker was able to implement this multi-signature contract with different parameters in Layer 2 and take control of 20 million OP tokens. The hacker's address has sold one million tokens and can easily sell the rest of the inventory.

According to the teams of the two protocols, Wintermouth has purchased one million OP tokens and intends to buy more tokens than the hacker. The remaining tokens are now at the hacker's address.

Cow has said in this regard:

    We want to make one point clear. The initial error was definitely Wintermouth's fault, so we intend to purchase the OP tokens to restore our protocol to its original proper condition. We know that this action may lead to fluctuations in the price of OP tokens. As a result, we make every effort to minimize the effects of this issue.

The Optimism Foundation has donated another 20 million OP tokens to Wintermot to continue its work. The price of the OP token fell about 36% on Wednesday, from $ 1.12 to about $ 0.7.


Sending a token to Vitalik?


An hour ago, the security company PeckShield announced a news that makes the story more interesting. The hacker in question sent 1 million OP tokens to Vitalik Butrin:

Responding to speculation, Yoav Weiss, an associate of Vitalik Butrin at the Atrium Foundation, which is entrusted with the management of the address, said that Koch was not a Wintermouth hacker and that "it is likely that he is a white hat hacker". Interestingly, the hacker did not use his voting power, along with this volume of tokens, to manipulate the optimistic governance model.

White Hat Hackers are a group of hackers who do useful work and infiltrate networks but have no ill intentions. These hackers identify the vulnerabilities of a network and protected system and by covering these vulnerabilities do not allow criminal hackers to access those networks and systems.

Comments