Cross-chain protocol Mixin Network has offered the hacker behind the $200 million exploit a $20 million bug bounty reward to return the stolen assets.
Mixin Woos Hacker With $20 Million Bug Bounty
According to blockchain security firm Peckshield, the bug bounty offer was communicated as an on-chain message, with Mixin urging the bad actor to give back the loot, most of which belongs to platform users.
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The message read:
Most of our platform assets were users’, and we hope you can refund them. You can keep $20M of the assets as a BUG Bunty Reward for the BUG. Contact us via [email protected] for the reward details.
A bug bounty refers to compensation that developers offer to individuals for uncovering or reporting software bugs. It is usually employed as an incentive for ethical hackers to discover program vulnerabilities before bad actors do.
Mixin Network, who suffered a $200 million exploit on Sunday, is now using this strategy to negotiate a return of most of the stolen assets. According to an announcement on Monday, the cross-chain protocol confirmed that the heist occurred as a result of an attack on the database of its network cloud service provider.
This marks the third time in the last week that a crypto project was affected by an attack on…
