News Formal

DeFi protocol Sturdy Finance offers $100K bounty to hacker if funds are returned

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Sturdy Finance founder Sam Forman told the attacker that it's not as easy to get away from exploits as it used to be and encouraged the attacker to accept the bounty.

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 562. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Sturdy Finance Falls Victim to Exploit, Losing 442 ETH in Latest Defi Hack – Defi Bitcoin NewsThe defi community has experienced another hack, with SturdyFinance protocol suffering a loss of 442 ETH, equivalent to an estimated $766K.
Källa: BTCTN - 🏆 531. / 51 Läs mer »

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.
Källa: Cointelegraph - 🏆 562. / 51 Läs mer »

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.
Källa: TheBlock__ - 🏆 464. / 53 Läs mer »

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.
Källa: TheBlock__ - 🏆 464. / 53 Läs mer »