Yield protocol Shezmu recovers stolen funds after paying 20% bounty

Odaily Odaily News Yield protocol Shezmu recovered nearly $5 million in stolen funds within hours after successfully negotiating with hackers. This morning, Chaofan Shou, co-founder of blockchain analysis company Fuzzland, warned that one of Shezmu's repositories had been hacked. Although it is uncertain whether the incident was deliberate or a real hacker attack, Shou confirmed that about $4.9 million worth of cryptocurrency was stolen in the process. Shezmu later confirmed that one of its ShezmuUSD (ShezUSD) stablecoin libraries had been attacked, and proactively urged the hacker to return the funds in exchange for a bounty without any legal consequences. The hacker responded to the request by asking for a 20% bounty instead of the initial 10%, and Shezmu agreed to pay the bounty. Within a few hours, Shezmu began to recover the stolen funds in batches, but at the time of writing, not all funds have been recovered, and the Shezmu team urged investors to limit interaction with the protocol's Oasis vault until further updates.