Bitfinex Offers $3.5 Million Bounty for Stolen Bitcoin
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....
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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....
Cross-chain protocol Mixin Network has offered the hacker behind the $200 million exploit a $20 million bug bounty reward to return the stolen assets. Mixin Woos Hacker With $20 Million Bug Bounty According to blockchain security firm Peckshield, the bug bounty offer was communicated as an on-chain message, with Mixin urging the bad actor to […]
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....
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....
The Harmony team says it will offer $1 million to the hacker who exploited the Horizon Bridge for $100 million, but that may not be enough to get the funds back. The Harmony layer-1 blockchain project team has offered a bounty equal to just 1% of the $100 million in crypto stolen from the Horizon Bridge hack last week. Harmony tweeted on June 26 that the team had committed $1 million for the return of the funds that were stolen from the Horizon Bridge on June 23. It added, “Harmony will advocate for no criminal charges when funds are returned.”We commit to a $1M bounty for the return of....