
KEY POINTS
- Crypto security firms alerted the community of a Seneca exploit Wednesday
- Seneca acknowledged there was an "approval bug" on the stablecoin protocol
- The protocol asked its exploiter to return the funds and keep 20% "as per whitehat efforts"
- The hacker returned more than 1,500 ETH worth around $5.3 million Thursday, as per PeckShield
A hacker who gained access to around $6.4 million worth of Ether (ETH) in an exploit of stablecoin protocol Seneca has returned over $5 million after apparently accepting an offer to keep 20% of the stolen funds.