A white-hat researcher, 0xFlorent, recovered 1,003.62 ETH (worth $1.99M) from a failed 2016 HongCoin ICO. The funds were trapped due to a bug in the refund function, but 0xFlorent used an old admin function and coordinated with the original multisig to reset balances and allow investors to claim their ETH.
A white-hat researcher, 0xFlorent, recovered 1,003.62 ETH (worth ~$1.99M) from a failed 2016 HongCoin ICO by exploiting a decade-old smart contract flaw. The recovery required coordination with the original multisig holders to reset balances, allowing 48 investors to reclaim funds.
An Ethereum developer, 0xFlorent_, successfully recovered over 1,000 ETH (approx. $2 million) from a 2016 HongCoin ICO smart contract. A bug had trapped investor funds for nine years, but 0xFlorent_ found a workaround to enable refunds for 48 investors.
The whitehat hacker said the decision to exploit Renegade’s dark pool was made to protect the funds and safety of DeFi users.
