Hinkal protocol exploited; owner issued ultimatum demanding return of 70% of funds within 24 hours or facing civil action.
Security & Exploits ·
The Hinkal protocol owner issued an on-chain ultimatum following an exploit, demanding the return of 70% of extracted funds to an owner-controlled address while permitting the attacker to retain 30%. The message, transmitted on Ethereum mainnet, offered to treat the incident as a white-hat recovery and refrain from civil action if compliance occurred within 24 hours by July 23 at 23:59 UTC.
The owner framed the arrangement as economically rational for the attacker, citing the increasing difficulty and risk of moving the stolen funds without detection as time passes. A recovery contact was provided at recover@hinkal.pro to facilitate negotiation. The message was conveyed in both English and Chinese.
No public confirmation has emerged as to whether the funds were returned, whether negotiations occurred, or what action the protocol owner ultimately took beyond the stated deadline.