The domain names stolen from the Ethereum Name Service's auction have been returned.
As CoinDesk reported at the time, the ENS bidding process managed by digital-collectibles marketplace OpenSea was exploited, allowing a hacker to nab 17 domain names for lower bids than other users placed.
ENS and OpenSea asked the hacker to return the domain names, promising compensation for finding the bug.
An alternative to Web 2.0's centralized domain name servers system, ENS is built on top of the ethereum blockchain to leverage its immutability and decentralized properties.
Once the hacker claimed the ENS domain names - which included apple.
Eth - ENS and OpenSea's only recourse was to blacklist the domains and ask for the hacker to return them.
The hacker was apparently swayed by an attractive offer: 25 percent of the final bidding price for each of the returned domains once they are re-auctioned.
Some domain names have gone for impressively high bids such as coffeshop.
With 17 domains stolen, the hacker could be in store for a decent payday.
Speaking with CoinDesk, ENS lead developer Nick Johnson said OpenSea had no direct communications with the hacker before the domains were returned.
Hacker Returns Ethereum Domains Lost in Bug Exploit
gepubliceerd op Oct 4, 2019
by Coindesk | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.