White Hat Hacker Recovers $2M from Faulty 2016 ICO Smart Contract
White Hat Hacker Recovers $2M from Faulty 2016 ICO Smart Contract
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A white-hat hacker successfully demonstrated an exploit in a faulty smart contract from a 2016 ICO for 'Hong Coin'. This allowed the project creators to recover $2 million and refund investors a decade later, highlighting the enduring security vulnerabilities and recovery potential in legacy smart contracts.
White hat hacker recovers $2M from faulty 2016 ICO smart contract
A white-hat hacker has helped the creators of Hong Coin by showing them how to exploit a flawed admin function on a smart contract and ultimately refund investors after a decade.