A user whose private keys were stolen and the exploiter managed to get access to their funds, but despite that, an on-chain security firm managed to scoop out those stolen funds before the exploiter could move it.
However, the security group managed to act fast and move the victim’s funds to a noncustodial address before the hacker could transfer those funds. This contract allowed the victim to recover their lost tokens from a different, uncompromised wallet. The security firm was able to do so by offering a higher gas fee for transferring the victim’s address.
This was only possible because the victim protected their tokens with Harpie, allowing the security firm to intervene whenever a case of possible theft came to their attention. The firm said: “When we detected the malicious transfer, we moved this user's funds to a noncustodial vault before that transaction could confirm by paying a higher gas fee.”
The on-chain security firm said that they have recovered about $700,000 worth of stolen funds and acts as an on-chain firewall for the community.While what Harpie did was all about timely intervention and required access to the user’s wallet, there have been several instances where the crypto community has come together to retrieve stolen funds and nonfungible tokens as well.
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