Thunder Terminal Secures User Funds After Foiling Exploit, Hacker Demands Ransom for Data

The on-chain trading platform Thunder Terminal recently experienced a significant security breach, which put user funds at risk. However, the platform promptly responded to the exploit, reassuring users that their private keys and wallets had not been compromised. Despite this, the hacker disputes these claims and has demanded an additional ransom for user data. In this article, we will delve into the incident, examining Thunder Terminal’s response, the hacker’s assertions, the breach of Thunder’s data, the refund plan, the hacker’s activities, and providing an overview of Thunder Terminal’s features and functionality.

Incident Report: User Funds Secured

In the aftermath of the exploit, Thunder Terminal has released an incident report, assuring users that their private keys and wallets have not been compromised. The platform reiterates that only 114 out of 14,000 wallets were affected. Thunder Terminal further guarantees that all affected users will be fully refunded, in addition to receiving 0% fees and $100,000 in platform credits as a gesture of goodwill.

Hacker’s Claims and Ransom Demand

Despite Thunder Terminal’s assurances, the hacker vehemently claims that the platform’s statements are false. The attacker issued a demand for a 50 ETH ($110,000) ransom for the allegedly affected user data. The attacker left a memo on Etherscan, asserting that Thunder Terminal’s assurances were nothing but lies.

Exploitation of MongoDB and Breach of Thunder’s Data

The incident report revealed that the exploitation of the MongoDB company eight days prior resulted in the breach of Thunder Terminal’s data. This breach exposed vulnerabilities in Thunder Terminal’s security protocols and allowed unauthorized access to user information. The extent of the compromised data remains uncertain.

Thunder’s Response and Refund Plan

While Thunder Terminal did not explicitly address the hacker’s ransom demand, it stated that the platform does not have access to users’ private keys, eliminating the possibility of the attacker gaining access to them. To ensure heightened security, Thunder Terminal pledged to implement extra measures. The platform also expressed a willingness to negotiate with the hacker in hopes of recovering the stolen funds.

Hacker’s Activities and Use of Stolen Funds

Etherscan data shed light on the hacker’s actions, revealing that the attacker’s wallet address sent a total of 86.3 ETH to the Railgun protocol, which enables users to anonymize their transactions. This move aims to obfuscate the origin of the stolen funds, making it challenging to trace their final destination.

Thunder Terminal’s Features and Functionality

Thunder Terminal is an innovative trading platform designed for seamless trading across various blockchain networks such as Ethereum, Solana, Avalanche, and Arbitrum. It provides users with efficient and quick trade execution, supporting their investment strategies across multiple networks. The platform’s compatibility with these networks allows users to explore diverse investment opportunities and capitalize on market movements.

The security breach experienced by Thunder Terminal underlines the persistent threat faced by cryptocurrency platforms. However, Thunder Terminal’s prompt and transparent response demonstrates its commitment to safeguarding user funds. The platform has taken immediate steps to enhance security and is actively engaging with the hacker in a bid to retrieve the stolen funds. Moving forward, Thunder Terminal emphasizes its determination to protect user assets and strengthen its security infrastructure, pledging to implement further measures to ensure the safety and trust of its users.

Explore more

How Are Non-Banking Apps Transforming Into Your New Banks?

Introduction In today’s digital landscape, a staggering number of everyday apps—think ride-sharing platforms, e-commerce sites, and social media—are quietly evolving into financial powerhouses, handling payments, loans, and even investments without users ever stepping into a traditional bank. This shift, driven by a concept known as embedded finance, is reshaping how financial services are accessed, making them more integrated into daily

Trend Analysis: Embedded Finance in Freight Industry

A Financial Revolution on the Move In an era where technology seamlessly intertwines with daily operations, embedded finance emerges as a transformative force, redefining how industries manage transactions and fuel growth, with the freight sector standing at the forefront of this shift. This innovative approach integrates financial services directly into non-financial platforms, allowing businesses to offer payments, lending, and insurance

Visa and Transcard Launch Freight Finance Platform with AI

Could a single digital platform finally solve the freight industry’s persistent cash flow woes, and could it be the game-changer that logistics has been waiting for in an era of rapid global trade? Visa and Transcard have joined forces to launch an embedded finance solution that promises to redefine how freight forwarders and airlines manage payments. Integrated with WebCargo by

Crypto Payroll: Revolutionizing Salary Payments for the Future

In a world where digital transactions dominate daily life, imagine a paycheck that arrives not as dollars in a bank account but as cryptocurrency in a digital wallet, settled in minutes regardless of borders. This isn’t science fiction—it’s happening now in 2025, with companies across the globe experimenting with crypto payroll to redefine how employees are compensated. This emerging trend

How Can RPA Transform Customer Satisfaction in Business?

In today’s fast-paced marketplace, businesses face an unrelenting challenge: keeping customers satisfied when expectations for speed and personalization skyrocket daily, and failure to meet these demands can lead to significant consequences. Picture a retail giant swamped during a holiday sale, with thousands of orders flooding in and customer inquiries piling up unanswered. A single delay can spiral into negative reviews,