TruFlation offers $500K bounty to recover funds stolen in hack

3 hours ago

Truflation, a decentralized information company, has posted a $500,000 bounty pursuing a $5 cardinal hack connected Sept. 25.

The steadfast is offering a reward for returning the stolen funds oregon for identifying the hacker successful a mode that leads to a conviction.

$5 cardinal hack

Truflation revealed successful a Sept. 26 station that the onslaught targeted aggregate chains, exploiting the project’s treasury multi-signature and idiosyncratic wallets.

The steadfast clarified that its ongoing development, including the motorboat of its mainnet and Truflation Stream Network, remains unaffected, though it temporarily halted staking services and constricted liquidity connected its decentralized exchanges (DEXs).

In a nationalist statement, Truflation CEO Stefan Rust confirmed that malware had been injected into a computer, apt during the Token 2049 lawsuit successful Singapore. Rust assured that lawsuit funds are secure, and the institution has since engaged with instrumentality enforcement and manufacture experts to way the attackers.

Bounty deadline

Truflation posted an on-chain connection to the hackers, giving them until 08:00 UTC connected Sept. 28 to instrumentality the stolen funds.

If nary interaction is made by the deadline, the institution volition grow the bounty to the nationalist and connection the afloat $500,000 to anyone who tin assistance place the hackers and bring them to justice.

In its message, the institution expressed gratitude to its community, partners, and whitehat hackers for their support. Rust besides invited assemblage members to a unrecorded AMA league to code concerns and update them connected Truflation’s betterment efforts.

The station TruFlation offers $500K bounty to retrieve funds stolen successful hack appeared archetypal connected CryptoSlate.

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