The Prisma Finance Exploit
On March 28, Prisma Finance lost $12 million in a hack. The hacker, claiming to be a “Whitehat” looking out for users, demanded the team change the post-mortem report to remove accusatory terms like “exploit” and “hacker.”
The Bounty Demand
Unsatisfied with the team’s compliance, the hacker asked for a bounty of $3.8 million, triple the industry standard. This raised suspicions about the hacker’s true intentions.
The Whitehat’s Stained Reputation
Investigator ZachXBT revealed that the Prisma hacker is connected to several other exploits, including:
- Arcade_xyz (March 2023)
- Pine Protocol (February 2024)
In these incidents, the hacker used the alias “0x77” and made unreasonable demands for funds.
The Suspect Revealed
Through further investigation, ZachXBT identified the suspect behind these exploits as “0x77,” a user linked to the Modulus protocol. The details of the suspect have been shared with the Prisma team, who are considering legal action.
