In brief
A whitehat helped return $2 million worth of ETH frozen since HongCoin's 2016 ICO.
HongCoin’s team used the developer’s fix to unlock refunds that had been bloced because of a smart contract bug.
Such recoveries are rare but may unlock dormant value, Decrypt was told.
An Ethereum developer helped recover more than 1,000 ETH, worth about $2 million, from a failed 2016 crypto project, returning funds that had been stuck in an old smart contract for nine years.In a tweet Sunday, the developer, who goes by 0xFlorent_, said HongCoin’s 2016 ICO contract was supposed to refund investors after the project missed its funding goal, but a bug broke the refund function and left the ETH stuck.
