Uwu Lend Offers $5 Million ETH Bounty for Hacker’s Information

IconCryptoNewsTerminal Staff13 Jun, 2024

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Uwu Lend Offers $5 Million ETH Bounty for Hacker’s Information

Uwu Lend Offers $5 Million ETH Bounty for Hacker’s Information DeFi protocol Uwu Lend, which recently suffered a hack, is offering a $5 million bounty in Ethereum to anyone who can provide information leading to the identification of the hacker, The Block reported. Uwu Lend had previously offered a 20% white hat bounty in relation to the hack, which the hacker did not respond to. The bounty is one of the largest ever offered in the crypto space and reflects the seriousness of the hack, which saw $150 million in assets stolen. Uwu Lend is working with law enforcement to investigate the hack and has frozen the hacker’s funds. The bounty offer is a sign of Uwu Lend’s commitment to recovering the stolen assets and bringing the hacker to justice. It is also a warning to other hackers that there are serious consequences for attacking DeFi protocols.

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