platform Sturdy Finance has offered a $100,000 bounty to the hacker that exploited the protocol. The lending platform said that its team won't pursue the issue further if the attacker accepts the offer.in digital assets when an attacker exploited vulnerabilities within the platform. Security firms pinpointed that the cause of the exploit was a faulty price oracle and the hack was carried out through a reentrancy attack.
Just a day after the hack, Sturdy Finance founder Sam Forman tweeted that they are offering $100,000 to the perpetrators if they agree to return the remaining funds to a wallet they specified."To the exploiter: as we have seen with recent hacks, exploits are not as easy to escape from as they used to be.
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Attacker drains $800K from DeFi protocol Sturdy FinanceBlockSec stated that the hackers utilized a reentrancy attack, a common method hackers use to withdraw funds from DeFi protocols. Additionally, the blockchain security company BlockSec highlighted that the hack was done through a reentrancy attack, which is a common method hackers use to withdraw funds from DeFi protocols.
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DeFi lending protocol Sturdy Finance offers $100,000 bounty to its attackerDecentralized lending protocol Sturdy Finance offered a $100,000 bounty to the attacker who siphoned 442 ether ($800,000) from the platform.
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Lending protocol Sturdy Finance drained of $800,000 in security attackSturdy Finance, a decentralized lending protocol, fell victim to a security attack today, which led to a loss of 442 ether or about $800,000.
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