The Safemoon hacker plans to return 80% of funds, MEV bot bags millions in sandwich exploit and more in this week's DeFi newsletter.
The top 100 DeFi tokens broke out of a two-week bullish streak that began in anticipation of Ethereum’s Shapella upgrade, with most of said tokens trading in the red on the weekly charts.The attacker who drained $8.9 million worth of BNB from SafeMoon has agreed to return 80% of the funds, according to an April 18 blockchain message from the SafeMoon team.
The encoded message was the latest in a series of communications between the SafeMoon team and the attacker as the parties attempted to settle.BlockFi, a lender of digital assets, was given additional time to submit a bankruptcy exit plan by a New Jersey bankruptcy judge in the United States on April 19.in November 2022 and has been reportedly granted a 48-day extension until May 15 to file an exit plan.
The wallet address, linked to the Ethereum Name Service domain “jaredfromsubway.eth,” made $950,000 from the sandwich attacks on April 18 and profited about $300,000 and $400,000 on April 17 and 19, respectively, according to an April 19 tweet from nonfungible token data platform Sealaunch.DeFi’s total market value plunged by $4 billion this past week.
Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.
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