DeFiance Capital rescues $13.3 million at risk of being stolen

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DeFiance Capital rescues $13.3 million at risk of being stolen
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DeFiance Capital rescues $13.3 million at risk of being stolen (by _VishalChawla and Timccopeland)

Not only did DeFiance Capital founder Arthur Cheong lose $1.7 million in NFTs and crypto in a phishing attack, but a second wallet was exposed.

From the second wallet, the hacker stole more than $720,000 of Lido tokens and had the potential to steal a lot more — but it was prevented.that DeFiance Capital founder Arthur Cheong fell foul to a phishing attack by clicking a malicious link in an email. His personal crypto wallet was compromised, losing $1.7 million in NFTs and cryptocurrency. What wasn’t reported is that a second wallet was alsoAnd worse: it contained a further 3.7 million of vested Lido tokens, worth $13.

The vesting did, however, provide some respite. Even though the hacker had access to the staked Lido tokens, they could not sell them all because they were locked in a ‘linear vesting’ contract. Linear vesting is a system in which crypto protocol holds funds for a scheduled period and a tiny amount is released with each new block.transaction historyIn an effort to stop the bleeding, a representative from DeFiance Capital by the name of ‘jacob.

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