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SDR SmartDeFi Recovery
Recovery of the first iteration of SmartDeFi from 2022.
This tool empowers investors to recover funds locked in old SD projects due to an exploit attack that occurred in 2022. The FEG DEVs, with support from Peckshield security company, safeguarded the majority of SD projects, preventing the theft of their liquidity, though it also paused legitimate access by teams & traders. Following extensive work for over 1.5 years that included replication of the exploit contract, rigorous testing of the contract, integration of a User Interface, and continued testing, the FEG DEVs completed a secure method to unlock these funds, seamlessly integrating it into the user-friendly SmartDeFi Recovery Tool once it completed a third-party security audit.
To recover locked funds from old SD projects, refer to the comprehensive guides "SDR for Investors" and "SDR for DEVs." It's important to note that the recovered funds won't match the locked amount on a 1-to-1 basis; the reduction can range from 24% to 28%, and maybe more if the amount to be recovered is large and needs re-recovery (multiple attempts).
The recovery process entails a flashloan of 4.5 times the locked balance, incurring fees for the flashloan from PCS, and expenses related to BNB wrapping/unwrapping. As an illustration, recovering 100 fBNB necessitates a 450 BNB flashloan, accompanied by relevant fees.
Last modified 5d ago