UwU Lend Founder Announces White Hat Bounty for Hacked Funds Recovery

IconCryptoNewsTerminal Staff10 Jun, 2024

cryptonews.jpg

UwU Lend Founder Announces White Hat Bounty for Hacked Funds Recovery

Defi protocol UwU Lend founder, Michael Patryn, a.k.a 0xsifu on X, has declared a 20% white hat bounty in response to the UwU Lend hack. Patryn, former CFO of the defi project organization Frog Nation, is believed to be behind the founding of UwU Lend. The protocol is estimated to have lost approximately $20 million in a flash loan attack. "A 20% finder's fee will be paid to anyone who can assist in the recovery of the $16m in crypto," said Patryn. "No law enforcement involvement will be sought if the funds are returned." - DL News