Steadefi, a popular yield aggregator, has been the target of an exploit, and all the funds it handles are at risk, according to a tweet it sent out at 2:33 p.m. on Monday.
The decentrazlied finance (DeFi) company quickly responded to the breach by sending terms of a proposed bounty to the unknown hackers. Steadefi offered to let the bad actors keep 10% of the funds if they returned the other 90%.
Steadefi Pleads With Exploit’s Masterminds
An attack like this is the last thing a DeFi platform needs. The app’s administrators clearly wish this ordeal would go away. They don’t even want all the money back. Just 90% would be fine, and everyone walks away, no questions asked.
The tweet is blunt: Steadefi will not pursue the hackers and there will be no complications with law enforcement. All the hackers have to do is give back most of what they stole.
However, if the hackers reject these terms, a scenario like that in the Mel…
