Bittime - After the recent exploit on the UwU Lend platform, the hunt for the attacker continues. The stolen funds were not returned, prompting further action from the protocol.
Uwu Lend Rewards $5 Million ETH for Information
According to the Input Data Message (IDM) on the Ethereum blockchain , UwU Lend has set a huge reward of $5 million in ETH for “the first person to identify and discover” the attacker.
Notably, the message emphasized that “no funds or costs are required to be recovered” for the prize to be awarded.
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Shifting Tactics: From Gifts to Negotiations
This rewards program signals a change in UwU Lend's approach. Previously, the protocol explored the possibility of direct negotiations with attackers.
The proposed terms are a 20% cut for attackers if they return 80% of the stolen funds. Additionally, UwU Lend promises not to take legal action or involve law enforcement in exchange for recovered funds.
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Deadline Passes, Rewards Program Begins
An ultimatum issued to the attacker demands the return of the stolen funds by 1 pm ET on Wednesday.
Unfortunately, a message sent on Thursday by UwU Lend confirmed that "the deadline for returning stolen funds has expired." With the deadline passing, focus has shifted to the newly created rewards program.
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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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