Cryptocurrency trading company Kronos Research is hoping their approach will help recover most of the $25 million stolen by a hacker this month – try to strike a deal with the thief.
Keypoints
- Cryptocurrency trading firm Kronos Research was hacked, resulting in $25 million stolen
- Kronos has publicly offered the hacker a 10% bounty (around $2.5 million) to return 90% of funds
- Theft occurred after hacker gained access to Kronos’ API keys
- Public negotiations between hackers and victims has become a growing trend
- Decentralized finance protocols have seen over $1.2 billion in thefts this year
The Taiwan-based firm publicly offered the unknown attacker a 10% cut, around $2.5 million, in exchange for returning 90% of the pilfered funds. It’s just the latest case of victims opening negotiations with hackers in full public view, a burgeoning tactic across the crypto industry.
The Kronos heist unfolded in mid-November…
