Fence protocol recovery team traces exploit funds and offers 10% recovery incentive to hacker.
Security & Exploits ·
An on-chain message sent from a Fence protocol address to a wallet holding exploit proceeds indicates that the recovery team has identified the funds associated with a recent incident. The message offers the wallet controller a 10% retention incentive—allowing them to keep one-tenth of the affected amount in exchange for returning the remaining 90% to Fence.
The recovery approach outlined in the on-chain communication establishes a structured negotiation framework. The team requests that the recipient halt further transfers and contact a recovery email address, or engage via additional on-chain messages. The offer stipulates that both the precise amounts and return address will be confirmed in writing before any transfer occurs, suggesting an attempt to formalize the arrangement and reduce counterparty risk.
It remains unclear whether the wallet controller will engage with the recovery offer, whether the hacker retains control of the flagged address, or what total value is at stake. The 10% incentive has been extended, but no timeline for acceptance or escalation procedure has been publicly specified.