The developer of the token that has risen in price by 100,000% has created a test version of the new DeFi project. His address on the Ethereum network was found by traders and immediately transferred $ 15 million there. Later, the funds were discovered by a hacker.
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On the night of September 29, traders lost $ 15 million in cryptocurrency. The reason for this was curiosity and, probably, the pursuit of quick money. The day before, the developer André Cronier, known in the field of decentralized finance (DeFi), released several new contracts on the Ethereum network, as he announced on his Twitter account.
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These were test versions of a future project. Users, knowing thanks to the announcements that the team is working on a new product, found these contracts on the Ethereum network, studied them and transferred about $ 15 million in cryptocurrency to them. Most likely, traders believed that this could be a new token that will show significant growth, like Cronier’s previous project. On July 18, he issued the YFI coin. At that time, it cost $ 32. By September, the asset price had risen by more than 100,000%, briefly reaching $ 44,000, now it has dropped to $ 25,000.
User funds lay on a test contract created by Cronier until a hacker found them. He found that $ 15 million in cryptocurrency could be withdrawn, there were no obstacles. An unknown person took all the coins, but some of them for $ 8 million were returned to Cronier to his personal wallet. The developer himself indicated that he was sleeping at that time.
On September 15th, Cronier found himself attending another bizarre DeFi event. The developer talked about the SAFE project on his Twitter account. Within a few hours after that, the price of the token of the same name soared by more than 500%, from $ 800 to $ 5000. But the next day, the coin fell sharply to $ 300 and has since been trading near these values.
