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Market News

Slope Offers 10% Bounty & No Legal Action to Hackers

The digital wallet platform urged hackers to return funds while keeping 10% of them in 48 hours.

Written By Rajpalsinh Rajpalsinh
Published August 6, 2022 6:56 AM
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Slope Offers 10% Bounty & No Legal Action to Hackers

Solana blockchain-based Slope Wallet that was exploited in the cyber attack announced a 10% bounty for attackers if they show good gestures and return funds. 

Hackers – please see below for our bounty offer in return for the safe return of our users' assets.

Wallet address: DyQ96GwjkHkGSzYEB4NaPk2NxsXyRTMNHKJQd3fziABf pic.twitter.com/pePeWfaB7m

— Slope (@slope_finance) August 5, 2022

Slope’s official Twitter account linked the SPL wallet address with the post and urged hackers for “safe return” funds. Slope has given 48-hour time duration to attackers, initiated from 8:30 PM UTC, August 5, 2022.

The platform also made a promise that if hackers would return funds then it will not take any legal action against wrongdoers or go for an investigation into the matter. 

Currently, the Slope wallet team is in touch with one blockchain intelligence firm, TRM Labs to dig deep into the exploitation that drained millions in funds from the platform.

Also Read: Hack on Solana Ecosystem Traced back to Slope Wallets

Slope also revealed that the firm is closely working with law enforcement to get back stolen funds and is cooperating with their investigation. 

On Tuesday, attackers breached Slope’s server and got access to user seed phrases, ultimately leading to millions of dollars of crypto loss from users’ accounts.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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