White hat helps recover $1.8M after $2.3M Foom Cash exploit

Foom Cash lost $2.26 million in an exploit tied to a Groth16 verifier misconfiguration, but a white hat recovered $1.84 million of the funds.

A white hat hacker helped Foom Cash recover most of the funds stolen in a $2.26 million exploit, underscoring the growing role of ethical hackers in Web3 incident response.

Foom Cash, a decentralized, anonymous lottery protocol based on zero-knowledge proofs, was exploited for $2.26 million in funds.

The intervention of an ethical hacker helped the protocol recover $1.84 million, or 81% of the stolen funds, Foom Cash announced on Monday.

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