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Shezmu hacked for almost 5 million dollars, negotiates reward

A crypto yield platform called Shezmu suffered a loss of approximately $4.9 million in ShezUSD after an attacker exploited a flaw that allowed anyone to cash collateral, which they could then use to borrow ShezUSD. These tokens were relatively illiquid, however, so the total amount the attacker could have obtained was likely considerably less.

Shortly after the attack, Shezmu offered a 10% “bounty” for the return of the funds. The attacker replied that he would only consider a 20% reward. Shezmu agreed to the terms and notified his followers that they had obtained a recovery from the “white hat” hacker.

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