Hacker Returns Ethereum Domains Lost in Bug Exploit

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The domains stolen from the Ethereum Title Service’s (ENS) public sale have been returned.

As CoinDesk reported on the time, the ENS bidding course of managed by digital-collectibles market OpenSea was exploited, permitting a hacker to nab 17 domains for decrease bids than different customers positioned. ENS and OpenSea requested the hacker to return the domains, promising compensation for locating the bug.

An alternative choice to Net 2.zero’s centralized area identify servers (DNS) system, ENS is constructed on high of the ethereum blockchain to leverage its immutability and decentralized properties. Because it occurs, immutability isn’t all the time a very good factor.

As soon as the hacker claimed the ENS domains – which included apple.eth – ENS and OpenSea’s solely recourse was to blacklist the domains and ask for the hacker to return them.

Thankfully, they have been.

The hacker was apparently swayed by a gorgeous provide: 25 % of the ultimate bidding worth for every of the returned domains as soon as they’re re-auctioned. Some domains are listed for impressively excessive bids such because the proprietor of coffeshop.eth asking for 100 wrapped ether, price about $17,000 at press time. With 17 domains stolen, the hacker may very well be in retailer for an honest payday relying on the public sale costs.

OpenSea says auctions will start once more in the approaching weeks.

Talking with CoinDesk, ENS lead developer Nick Johnson mentioned OpenSea had no direct communications with the hacker earlier than the domains have been returned. The corporate solicited suggestions in a Sept. 29 weblog submit disclosing the bug.

“Evidently the hacker thought 25 % was a greater deal than attempting to resell them themselves in the face of blacklisting. Or maybe they’re simply beneficiant – both manner we’re grateful.”

Present picture by way of Shutterstock



Source link Coin Desk

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