Bitfinex Announces 5% Bounty for Information Leading to Recovery of Stolen BTCs
Bitfinex has announced that any person offering information about the hackers, leading to recovery of stolen bitcoin will receive 5% of the recovered digital currency as bounty. In the beginning of this month, the Bitcoin industry witnessed one of the biggest hacking incidents of this year. Bitfinex, the Hong Kong-based digital currency exchange reported a security breach on August 2, 2016, which resulted in the platform losing about 119,756 bitcoins. The total losses experienced by the digital currency platform is slated to be around $72 million at the time of the incident. Bitfinex is....
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Bitfinex is reportedly offering a reward worth up to $3.6m for the recovery of bitcoins stolen from its exchange last week. The Hong Kong-based startup lost nearly 120,000 BTC in the incident (an amount worth roughly $71m at press time), and now suggests it's willing to offer 5% of these funds (or about 6,000 BTC) as a reward should they be found and returned. The news came social media today in a post by Bitfinex community director Zane Tackett. In response to a question about the existence of such a program, he stated that a bounty would be awarded to anyone who had information that....
Bitfinex has offered a reward for the return, or info leading to the return, of the Bitcoin stolen in the recent hack. Reddit user someguy916 posted in the /r/Bitcoin subreddit inquiring as to how much of a reward Bitfinex would be willing to offer for the stolen coins. Zane Tackett, Director of Community and Product development, responded with an offer for a small percentage: “5% of recovery and for information leading to recovery (but no bounty if no recovery); if multiple persons lead to recovery, share pro rata” When pressed to get that offer into a blockchain contract, Tackett....
A Bitfinex bounty, Russia changes its stance on bitcoin, and a rough fate lies ahead for an alleged Silk Road forum operator. Want to catch up on your latest digital currency news? Take a look below. BITFINEX. Hong Kong exchange Bitfinex has announced a $3.5 million bounty reserved for anyone who can help in their investigation to uncover the $72 million stolen from customer wallets last week. Explaining the terms, Director of Community and Product Development Zane Tackett states: “5% of recovery and for information leading to recovery (but no bounty if no recovery); if multiple persons....
Cryptsy is quickly capturing headlines and even being referred to as “the next Mt. Gox.” Things do not seem quite as simple as Cryptsy running away, as the unannounced vacating of their headquarters may have suggested. A new blog post from Cryptsy posted January 14th, claims that the loss of funds did not result from a recent malicious or DDOS attack, nor malicious actions on the behalf of any of the Cryptsy staff, as well as a bounty of 1000 BTC “for information which leads to the recovery of the stolen coins.” Instead, the beginning of these problems happened a year and a half ago, and....
Nomad announced that it’s offering up to a 10% bounty to return funds stolen from the recent hack on the Nomad bridge on Aug. 2. Nomad announced a bounty of up to 10% for the return of the stolen funds from the Nomad bridge. In a website announcement and tweet, the company publicly provided a wallet address for sending the funds. The bounty is applicable to anyone who comes forward from now on or already returned funds. At the time of writing, Nomad recovered more than $20 million. The Nomad token bridge suffered a massive hack on Aug. 2. This incident was among the largest in the history....