{"id":730772,"date":"2026-06-01T07:55:12","date_gmt":"2026-06-01T04:55:12","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/white-hat-hacker-recovers-2m-from-faulty-2016-ico-smart-contract\/"},"modified":"2026-06-01T07:55:12","modified_gmt":"2026-06-01T04:55:12","slug":"white-hat-hacker-recovers-2m-from-faulty-2016-ico-smart-contract","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/white-hat-hacker-recovers-2m-from-faulty-2016-ico-smart-contract\/","title":{"rendered":"White hat hacker recovers $2M from faulty 2016 ICO smart contract"},"content":{"rendered":"

\"White<\/p>\n

A white-hat hacker has helped the creators of Hong Coin by showing them how to exploit a flawed admin function on a smart contract and ultimately refund investors after a decade.<\/p>\n

A pseudonymous white hat hacker has helped recover $2 million worth of Ether locked in a faulty initial coin offering (ICO) smart contract for almost a decade.<\/p>\n

In a post to X on Sunday, the white hat, known as \u201c0xflorent,\u201d said<\/a> they helped recover about 1,003 Ether (ETH) from 48 investors who participated in the Hong Coin (HONG) ICO, a decentralized venture capital fund that never launched due to it failing to reach its funding goal.<\/p>\n

\u201cThe contract held all the investors’ ETH and was supposed to auto-refund them,\u201d 0xflorent said. However, \u201ca bug in the refund function quietly broke that, and the funds got stuck.\u201d\u00a0<\/p>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

A white-hat hacker has helped the creators of Hong Coin by showing them how to exploit a flawed admin function on a smart contract and ultimately refund investors after a decade. A pseudonymous white hat hacker has helped recover $2 million worth of Ether locked in a faulty initial coin offering (ICO) smart contract for…<\/p>\n","protected":false},"author":1,"featured_media":730773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-a-comprehensive-and-easy-to-understand-explanation-of-defi-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-730772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/730772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=730772"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/730772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/730773"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=730772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=730772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=730772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}