Sturdy Finance Offers $100,000 Bounty For Attacker Who Stole 442 ETH

The Decentralized lending platform, Sturdy Finance is offering a $100,000 bounty for the hacker that stole 442 ETH from its protocol. A few days ago, a hacker exploited an Oracle price discrepancy on the protocol and looted 442 ETH worth almost $800,000. Sturdy Finance then promised to resolve the issue and deliver updates. Now, in an attempt to solve the problem, it has offered a bounty for the attacker who must return the stolen funds to a specified wallet.

Sturdy Finance has suspended all market activities on its platforms, but other funds are safe. Reports suggest that the hacker transferred the funds through the infamous cryptocurrency mixer, Tornado Cash.

Sturdy Finance Offers $100,000 Bounty For Attacker Who Stole 442 Eth

Bounties have previously proven successful in recovering stolen funds from hackers. Euler Finance recovered 90% of its funds stolen from the protocol and Sentiment retrieved $870,000 via a bounty offer following a hack attack. However, it is not yet known whether Sturdy Finance’s bounty offer will yield similar results.

Ethereum’s price currently hovers above $1,738 in the daily chart. | Source: ETHUSD price chart from TradingView.com

It remains to be seen whether or not the Sturdy Finance bounty offer will succeed; the Jimbos hacker, for instance, ignored the protocol’s $800,000 (10% of stolen funds) bounty after looting $7.5 million from the platform.

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