DeFi Lender bZx Reclaims $8M Stolen in Sunday's Attack

Decentralized finance lending project bZx has been able to recover about $8 million in cryptocurrency from an attacker who stole the funds after exploiting a code bug over the weekend.

Paris Fotis, a spokesperson for the project, said bZx had been able to track down the attacker using his or her on-chain activity.

The attacker returned the funds after being exposed, according to Fotis.

bZx said in an incident report that $8 million worth of cryptocurrency had been stolen Sunday by an attacker who exploited a code bug to mint the protocol's interest-earning iToken, which was used to redeem, and walk away with, digital assets held in various lending pools.

bZx's official Twitter account announced earlier today that funds had been restored.

This was the third, and the largest, attack on the bZx protocol so far this year.

bZx's Kyle Kistner declined to tell CoinDesk anything about the attacker's identity when we initially wrote about the attack early Monday.

Fotis reiterated this, telling CoinDesk the project wouldn't reveal the attacker's identity for "Legal reasons."