Hacked DeFi Protocol Offers 15% Reward to Informants
CryptoNewsTerminal Staff21 May, 2024
Hacked DeFi Protocol Offers 15% Reward to Informants
Sonne Finance (SONNE), a decentralized finance (DeFi) protocol built on the Optimism (OP) network, has been hacked and lost millions of dollars. In response, the protocol is offering a 15% reward to any individual who provides key information leading to the recovery of stolen funds. This move comes after the protocol was compromised, resulting in the theft of about $20 million in various cryptocurrencies. The incident was announced on Thursday. The team at Sonne Finance confirmed the exploit via Twitter and stated that certain unauthorized activities were observed on its platform. As part of the recovery plan, the protocol plans to distribute 15% of the recovered funds as a reward for any actionable information that aids in tracking down the hacker. In addition, the hack has raised concerns about the security and resilience of DeFi protocols. The attack is a stark reminder of the need for robust security measures and constant vigilance. It also highlights the importance of transparency and the prompt response of DeFi protocols in the event of such incidents.
