Digital assets stolen in a hack on crypto lending platform dForce last week have been returned to customers.
As reported by CoinDesk, a hack on the decentralized finance (DeFi) protocol saw $25 million in cryptocurrencies exit its wallets over three hours on April 19. Curiously, the assets were returned two days later, for reasons that werenât made fully clear.
Most of the funds have now been used to pay back all users whoâd lost crypto in the attack, according to a Monday announcement by dForce.
âOver 90 percent of assets have been distributed to users in less than 24 hours. 100 percent users have been made whole in the recovery. We will disclose more future actions shortly,â the company tweeted.
CEO Mindao Yang said in a blog post a week ago that the funds had been ârecaptured through the efforts collaboratively made by our partners, law enforcement, investors, the community, and our team members.â
In another Medium post on Sunday, the company explained how it has been working since April 25 to audit asset data with a third party and establish a risk management procedure for the redistribution of customerâs funds.
See also: Chinese DeFi Platform dForce Raises $1.5M From Multicoin, Huobi Capital
Additionally, the company had been working to develop an âAsset Recovery Systemâ to enable the smooth transition of users assets back to their MetaMask wallets, as well as finalizing a post-asset-redistribution action proposal to its community.
âFollowing the return of the stolen funds, all assets have been stored in a cold wallet. The funds are secure, and weâre eager to return them,â the company said at the time.
DForce also indicated it has rebalanced most of the portfolio back to the last state prior to the Lendf.me smart contract being hacked and âindefinitely pausedâ the contract.
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As recently as April 14, the dForce Foundation closed a $1.5 million strategic round led by Multicoin Capital and joined by Huobi Capital and Chinese bank CMB International. The funds were to be used to grow its team and launch additional DeFi products in the coming year.