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2 weeks ago

Hacker returns Ethereum domain names lost in bug exploit.

 

 

The Ethereum Name Service’s (ENS) auction where the domain names were stolen from have been returned.

As at the time of report by blockchain, a hacker  nabbed 17 domain names for lower bids than other users placed as the ENSbidding process managed by digital-collectibles marketplace OpenSea was exploited . 
 
The hacker was told to return the domain names, promising compensation for finding the bug by ENS and OpenSea.
 
To leverage its immutability and decentralized properties, ENS was therefore built on top of the ethereum blockchain. It seems now like  immutability isn’t always a good thing.

News Once the hacker claimed the ENS domain names – which included apple.eth – ENS and OpenSea’s only option was to blacklist the domains once the hacker claimed the ENS domain names including apple.eth and then ask for the hacker to return them.
 
Update: the stolen ENS names were all returned successfully to @ensdomains! 🤗Thanks for supporting the community; we’re working hard to restart bidding this week before #devcon5 and will send out emails to bidders when it’s ready
— OpenSea (@opensea) October 3, 2019

25 percent of the final bidding price for each of the returned domains once they are re-auctioned was the attractive offer which pushed the hacker to accept.
 
Currently, some domain names are listed for good high bids such as the owner of coffeshop.eth asking for 100 wrapped ether, worth about $17,000 
 
Definitely the hacker could be in store for a nice payday depending on the auction prices of 17 domains stolen.
 
According to OpenSea auctions will commence again in the coming weeks.
 Nick Johnson, the ENS lead developer said OpenSea had no direct communications with the hacker before the domains were returned.

The company solicited feedback in a Sept. 29blog post disclosing the bug.
“Obiviously the hacker felt 25 percent was a better deal than trying to resell them themselves in the face of blacklisting. Or perhaps  they’re just generous – we are grateful in whichever may be the case.

 


Credits:  William  Foxley

Florence Anusionwu


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