UwU Lend Team Offers $5 Million for Hacker Identification
Date: 2024-06-14 Author: Gabriel Deangelo Categories: BUSINESS
On June 10 and 13, 2024, the UwU Lend platform was subject to two large-scale hacker attacks, as a result of which a significant amount of funds was stolen. The first attack resulted in the loss of $19.5 million, and the second - another $3.7 million. These incidents were a serious blow to the security and reputation of the project.
Announcement Rewards
In an attempt to recover the stolen funds and find the attacker, the UwU Lend team has announced a reward of $5 million. This amount will be paid to the first person who can identify and find the hacker.
“The deadline for returning the stolen funds has expired. A $5 million reward is being paid to the first person to identify and find you in Ethereum,” reads UwU Lend’s official message to the hacker.
Previously Proposed Terms
Immediately after discovering the hack, the UwU Lend team offered the hacker a compromise: keep 20% of the stolen funds in exchange for returning the remaining 80%. However, the attacker did not accept this offer. Now the platform is relying on the community to help, hoping that someone can find the culprit and return the stolen goods.
The UwU Lend team is actively collaborating with cybersecurity experts to strengthen the security of its platform and prevent similar incidents in the future. The announced reward of $5 million demonstrates the seriousness of their intentions to find the hacker and return the stolen funds.
Context and Examples
This case is not unique in the world of cryptocurrencies. Earlier, a user of the OKX cryptocurrency exchange reported losing $11 million as a result of an account hack. Such incidents highlight the need for continuous improvement of security measures and thorough asset protection.
The announcement of a $5 million reward for identifying the hacker shows the determination of the UwU Lend team to recover the stolen funds and bring the culprit to justice. This event also serves as a reminder to all cryptocurrency market participants of the importance of cybersecurity and the need to be vigilant in protecting their assets.
