{"id":45948,"date":"2022-03-30T14:17:26","date_gmt":"2022-03-30T14:17:26","guid":{"rendered":"https:\/\/packetstormsecurity.com\/news\/view\/33274\/Hackers-Who-Stole-50-Mil-In-Crypto-Say-They-Will-Refund-Some-Victims.html"},"modified":"2022-03-30T14:17:26","modified_gmt":"2022-03-30T14:17:26","slug":"hackers-who-stole-50-mil-in-crypto-say-they-will-refund-some-victims","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/hackers-who-stole-50-mil-in-crypto-say-they-will-refund-some-victims\/","title":{"rendered":"Hackers Who Stole $50 Mil In Crypto Say They Will Refund Some Victims"},"content":{"rendered":"<div readability=\"32\">\n<div><picture class=\"responsive-image lazyloader--lazy lazyloader--lowres\"><source media=\"(min-width: 1000px)\" srcset=\"https:\/\/video-images.vice.com\/articles\/62432c3412f2c5009b24f3d8\/lede\/1648571531100-cashio-hack.jpeg?crop=1xw:0.8428xh;0xw,0.0641xh&amp;resize=20:*\"><source media=\"(min-width: 700px)\" srcset=\"https:\/\/video-images.vice.com\/articles\/62432c3412f2c5009b24f3d8\/lede\/1648571531100-cashio-hack.jpeg?crop=1xw:0.8428xh;0xw,0.0641xh&amp;resize=20:*\"><source media=\"(min-width: 0px)\" srcset=\"https:\/\/video-images.vice.com\/articles\/62432c3412f2c5009b24f3d8\/lede\/1648571531100-cashio-hack.jpeg?crop=1xw:0.8428xh;0xw,0.0641xh&amp;resize=20:*\"><img class=\"responsive-image__img\" alt=\"cashio-hack\"><\/picture><\/div>\n<p>Image:&nbsp;Khosrork\/GettyImages<\/p>\n<\/div>\n<div data-component=\"BodyComponentRenderer\" readability=\"69.755070422535\">\n<div class=\"topic-callout\" readability=\"7.2888888888889\">\n<div class=\"topic-callout__img\"><a href=\"https:\/\/www.vice.com\/en\/topic\/cyber\"><img decoding=\"async\" src=\"https:\/\/video-images.vice.com\/topics\/57a205628cb727dec795a6b1\/callout_logo\/1614199980283-screen-shot-2021-02-24-at-34918-pm.png?resize=240:*\" alt=\"Screen Shot 2021-02-24 at 3\"><\/a><\/div>\n<p>Hacking. Disinformation. Surveillance. CYBER is Motherboard&#8217;s podcast and reporting on the dark underbelly of the internet.<\/p>\n<\/div>\n<p><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"28\"><\/p>\n<p>Last week, a hacker stole around $50 million in yet another attack on a Web3 project.&nbsp;<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"22.501930501931\"><\/p>\n<p><a href=\"https:\/\/decrypt.co\/95772\/solana-stablecoin-project-cashio-plummets-zero-multi-million-dollar-hack\" target=\"_blank\" rel=\"noopener\"><span>The victim this time was Cashio<\/span><\/a>, a so-called algorithmic stablecoin based on Solana. The hackers were able to steal the cryptocurrency thanks to a bug that allowed them to mint a potentially infinite amount of tokens, <a href=\"https:\/\/twitter.com\/i\/web\/status\/1506571243067224064\" target=\"_blank\" rel=\"noopener\"><span>as Cashio\u2019s developer wrote on Twitter<\/span><\/a>.<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"21.390070921986\"><\/p>\n<p>Now, the hacker or hackers have announced that they intend to issue refunds to the victims <a href=\"https:\/\/etherscan.io\/tx\/0xb34bbfe78d56eac5576157671f9735d6888f89e8e4af2b1b7d6a2ffdecd90451\" target=\"_blank\" rel=\"noopener\"><span>in a message posted on the blockchain<\/span><\/a> on Monday.&nbsp;<\/p>\n<p><\/span><span><\/p>\n<div class=\"adph adph--border\">\n<p>Advertisement<\/p>\n<\/div>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"33\"><\/p>\n<p>\u201cHave already refunded accounts under 100k which held CASH directly [sic],\u201d the hackers wrote. \u201cThe intention was only to take money from those who do not need it, not from those who do. Will be using the ETH gains to return more funds to those affected, even some accounts more than 100k. Will not return funds to accounts that already receive refund.\u201d&nbsp;<\/p>\n<p><\/span><\/p>\n<div class=\"body-image\" data-component=\"ImageBlock\" readability=\"31.5\">\n<div class=\"body-image__img\">\n<div><picture class=\"responsive-image lazyloader--lazy lazyloader--lowres\"><source media=\"(min-width: 1000px)\" srcset=\"https:\/\/video-images.vice.com\/_uncategorized\/1648572910360-cashio-message.jpeg?resize=20:*\"><source media=\"(min-width: 700px)\" srcset=\"https:\/\/video-images.vice.com\/_uncategorized\/1648572910360-cashio-message.jpeg?resize=20:*\"><source media=\"(min-width: 0px)\" srcset=\"https:\/\/video-images.vice.com\/_uncategorized\/1648572910360-cashio-message.jpeg?resize=20:*\"><img class=\"responsive-image__img\" alt=\"cashio-message.jpeg\"><\/picture><\/div>\n<\/div>\n<div class=\"body-image__caption\" readability=\"33\">\n<p>The message the hackers published on the blockchain announcing refunds. (Image: @wireless_anon\/Twitter)<\/p>\n<\/div>\n<\/div>\n<p><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"28.976261127596\"><\/p>\n<p>The message contained a specific step-by-step process on how to get the refund. But it looks like not everyone will get their crypto back. A Twitter user that goes by wireless_anon created <a href=\"http:\/\/cashio-refund.vercel.app\" target=\"_blank\" rel=\"noopener\"><span>an open-source website<\/span><\/a> for victims that helps them to generate and save message signatures, allowing them to request a refund in an automated way.&nbsp;<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"31\"><\/p>\n<p>\u201cWe will choose who gets a return. Might get all back or some back or none back. Put all the request together in one file, returns will start next week manually. Will take some time,\u201d the message read.&nbsp;<\/p>\n<p><\/span><\/p>\n<blockquote data-component=\"QuoteBlock\" class=\"abc__quote abc__quote--blockquote\" readability=\"8.2702702702703\">\n<p><em><strong>Are you one of the vicitms of the Cashio hack? We\u2019d love to hear from you. You can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, Wickr\/Telegram\/Wire @lorenzofb, or email&nbsp;<a href=\"mailto:lorenzofb@vice.com\">lorenzofb@vice.com<\/a><\/strong><\/em><\/p>\n<\/blockquote>\n<p><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"26.369294605809\"><\/p>\n<p>Several victims <a href=\"https:\/\/twitter.com\/web3isgreat\/status\/1508268791813320704\" target=\"_blank\" rel=\"noopener\"><span>are begging to get their crypto back<\/span><\/a>, calling the hacker \u201cRobin Hood.\u201d But it\u2019s unclear if they are the actual victims, and it\u2019s unclear at this point if the hackers will actually return any of the money they stole.&nbsp;<\/p>\n<p><\/span><span><\/p>\n<div class=\"adph adph--border\">\n<p>Advertisement<\/p>\n<\/div>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"33.513513513514\"><\/p>\n<p>\u201cHello, Mr. Robin Hood, I am the victim of this cashio incident, I am from China, Wuhan. During the 2020 Covid-19 outbreak in China, the restaurant I ran didn&#8217;t hold up and I lost a lot of money,\u201d <a href=\"https:\/\/etherscan.io\/tx\/0x6edc13ba99c04f1932cff2b70ac9f97130bb588b8c38b87bfde700b7e3005860\" target=\"_blank\" rel=\"noopener\"><span>one message<\/span><\/a> sent to the hackers on the blockchain reads.&nbsp;<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"31.02\"><\/p>\n<p>\u201cRobinhood, I have tried my luck in crypto but ended up with massive losses, debt, and PTSD. My life is in disarray. 3 ETH will put me back in a slightly better position to turn my life around, reads <a href=\"https:\/\/etherscan.io\/tx\/0x7d2dd68940cbf0b2cfecbd7cb61707cca7df81239d91944da78042f7944db4a0\" target=\"_blank\" rel=\"noopener\"><span>another message<\/span><\/a> on the blockchain. \u201cPlease.\u201d<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"23\"><\/p>\n<p>\u201cHello, we lost our family savings worth $558k and now facing a financial disaster,\u201d <a href=\"https:\/\/etherscan.io\/tx\/0xdd56130f010f09c69331de79247c113594aeb1f797038971ac7feb8c0e3df7d4\" target=\"_blank\" rel=\"noopener\"><span>another alleged victim wrote<\/span><\/a>.&nbsp;<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"28\"><\/p>\n<p>The administrator of the Cashio Discord channel did not respond to a request for comment. The Cashio Twitter account also did not respond to a request for comment.&nbsp;<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"34\"><\/p>\n<p>The Cashio hack is the latest in a seemingly infinite string of hacks against crypto protocols, decentralized finance (DeFi), and web3 organizations. Just in the first three months of 2022, according to blockchain security company Immunefi, hackers have stolen the equivalent of around $550 million.&nbsp;<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"27.373493975904\"><\/p>\n<p>This is also not the first time hackers steal crypto and then return all or at least part of it, with negotiations happening directly on the blockchain. That\u2019s happened already with <a href=\"https:\/\/www.vice.com\/en\/article\/bvn7k3\/white-hat-hacker-returns-dollar1-million-stolen-in-crypto-theft-disaster\"><span>the Multichain hack<\/span><\/a>, and the <a href=\"https:\/\/www.vice.com\/en\/article\/wx5y7b\/this-dollar600-million-crypto-heist-is-the-most-bizarre-hack-in-recent-memory\"><span>Poly Network hack<\/span><\/a>, among others.&nbsp;&nbsp;<\/p>\n<p><\/span><span class=\"abc__textblock size--article\" data-component=\"TextBlock\" readability=\"19.105882352941\"><\/p>\n<p><em><strong>Subscribe to our cybersecurity podcast,&nbsp;<a href=\"https:\/\/itunes.apple.com\/gb\/podcast\/cyber\/id1441708044?mt=2\" target=\"_blank\" rel=\"noopener\">CYBER<\/a>. Subscribe to&nbsp;<a href=\"https:\/\/www.twitch.tv\/motherboardtv\" target=\"_blank\" rel=\"noopener\">our new Twitch channel<\/a>.<\/strong><\/em><\/p>\n<p><\/span><\/div>\n<p>READ MORE <a href=\"https:\/\/packetstormsecurity.com\/news\/view\/33274\/Hackers-Who-Stole-50-Mil-In-Crypto-Say-They-Will-Refund-Some-Victims.html\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>READ MORE HERE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":45949,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[277],"tags":[1460],"class_list":["post-45948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cybersecurity-blogs","tag-headlinehackercybercrimedata-lossfraudcryptography"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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