Renegade Recovers 90% of Stolen Funds Through On-Chain Negotiations

The security of DeFi protocols running on layer-2 scaling solutions has come under scrutiny once again with the theft of $209K worth of ERC-20 tokens from an Arbitrum-based dark pool.

However, a rare positive turn in crypto history saw 90% of the stolen funds returned to Renegade after on-chain negotiations with the hacker.

The incident highlights the growing trend of collaborative exploit resolution in DeFi, where transparency and incentives are used to encourage hackers to return stolen assets without involving law enforcement.