Breaking Crypto News – Catching UwU Lend Exploiter and Claiming the $5M Reward
Breaking Crypto News – After they successfully exploited the protocol for a second time, the developers of the UwU Lend protocol are offering a $5 million reward to anyone who can identify the attacker. After the hacker failed to transmit 80% of the stolen assets by UwU’s stipulated deadline of June 12 at 5:00 pm UTC, UwU sent them a message via on-chain message on June 13.
Repayment deadline for the funds you stole has passed. 5 Million Dollar bounty to the first person to identify and locate you,
UwU Lend
Same Wallet Address Responsible for Both Attacks
According to UwU, the $5 million prize would be handed out in Ether before any fund is found or accusations are made. According to blockchain security company Cyvers, on June 13, the same hacker stole money from UwU’s uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, and uUSDT pools using a second $3.7 million attack. Cyvers claimed that the hacker wallet address “0x841…21f47” was responsible for both exploits.
FAQ
When was the First Exploit and How Much Loss Did It Result in?
In the first exploit, on June 10, a price manipulation attempt resulted in the loss of $20.3 million.
What is Bounty in Crypto?
Crypto-currency developers employ bounty programs to reward acts taken by developers and marketers prior to the initial coin offering (ICO). Following an initial coin offering (ICO), bounty programs can be used to reward media coverage of the currency or to solicit external developers’ opinions on the project’s code.
Did UwU Lend Try to Compromise with Hacker?
UwU asked the hacker to repay 80% of the money, letting them keep the 20% that remained. The hacker was also given the assurance that they would drop their lawsuit. The hacker, however, did not respond, and he proceeded to carry out the second $3.7 million exploit just before UwU made the $5 million bounty announcement.
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