White hat helps recover $1.8M after Foom Cash exploit drains $2.3M

Foom Cash lost about $2.26 million in an exploit tied to a Groth16 verifier misconfiguration, but security companies flagged a $1.84 million white hat rescue.

A rapid response by a white hat hacker helped a blockchain protocol recover most of the funds stolen in a $2.26 million exploit, highlighting the growing role of ethical hackers in Web3 incident response.

Foom Cash, a decentralized, anonymous lottery protocol based on zero-knowledge proofs, was exploited for $2.26 million of funds on Friday.

However, the intervention of an ethical hacker helped the protocol recover $1.84 million, or 81% of the stolen funds, Foom Cash announced on Monday.

Read more