Justin Sun Makes an Unusual Offer to the Hacker Involved in the $290 Million Hack

While the turmoil caused by the KelpDAO-related security vulnerability crisis in the DeFi ecosystem continues, a notable statement came from Justin Sun, a leading figure in the cryptocurrency world.

Sun, in a statement on social media, directly challenged the perpetrator, offering to negotiate. “KelpDAO hacker, how much do you want? Let’s talk. Of course, with the help of KelpDAO,” Sun said, arguing that the situation needed to be resolved before it escalated further.

In his statement, Sun pointed out that the attack could have serious consequences for both Aave and KelpDAO, saying, “It’s not worth risking both Aave and KelpDAO because of this hack.” He also alluded to the alleged theft of approximately $300 million in assets, adding, “You can’t spend $300 million anyway,” sending an indirect message to the attacker.

Sun’s move has brought back into focus the “white-hat consensus” method seen in previous major DeFi attacks. As you may recall, the exploit on KelpDAO’s rsETH bridge resulted in billions of dollars worth of ETH being withdrawn from Aave, creating significant liquidity pressure on the protocol.

*This is not investment advice.