Despite apparent traction in recovering users' assets, multiple blockchain security firms have alleged that the project is an exit scam.
"sharing 20% of the funds in exchange for the bulk of assets and are calling on the hackers to contact us asap."
After posting an Ethereum wallet address on its social page, close to $3 million worth of digital assets have been transferred there at the time of publication. In a Medium posthours later, Defrost explained that the V1 hacker had returned the stolen funds to an address controlled by the project developers.
"We will soon start scanning the data on-chain to find out who owned what prior to the hack in order to return them to the rightful owners. As different users had variable proportions of assets and debt, this process might take a little. However, it will be concluded fairly swiftly."Update 15:50 Dec. 26 2022 UTC:
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