A developer used a whitehat exploit to unlock approximately $2 million worth of Ether that had been frozen inside a 2016 ICO smart contract for nearly nine years, highlighting the long-tail risks of early Ethereum infrastructure. The rescue operation targeted a contract with 48 eligible investors who had been unable to access their funds due to a vulnerability or coding flaw that rendered the contract inoperable. So far, two of those investors have successfully claimed 96.5 ETH, valued at close to $200,000 at current market prices. The incident underscores both the persistence of legacy smart contract issues on Ethereum and the ongoing role that ethical security researchers play in recovering otherwise inaccessible digital assets without exploiting them for personal gain.
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