Monday, 17 June 2024

Crypto News

Nirvana Finance founder recounts the ‘worst day’ of his life

Cointelegraph speaks to the once-anonymous founder of Nirvana Finance, revealing how one random Telegram message led to the capture of the exploiter that stole $3.5 million from the protocol.

Up until now, Alex Hoffman, the head of ecosystem at Superposition, has kept it a secret that he was the anonymous founder of decentralized finance (DeFi) yield protocol Nirvana Finance, which was struck by a $3.5 million flash loan exploit two years ago.

Now, he is ready to attach his name to the anonymous founder title and the story of the “worst day” of his life, which began when he woke up one morning to discover that all the funds in Nirvana Finance had vanished.

“Literally the week we were supposed to start the audit, we woke up to find that it had been hacked,” Hoffman recounted to Cointelegraph in an exclusive interview, describing the morning of July 28, 2022.

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