Still reeling from the hack, Mixin Network has proposed a $20 million 'bug bounty' to the hacker for returning the stolen $200 million.
The offer presented a unique attempt to incentivize the hacker to return the stolen assets voluntarily.Mixin Network, a cross-chain service, recently became the target of a significant hack, with the reported loss amounting to a staggering $200 million. In an unexpected twist, the platform has extended an unconventional offer to the perpetrator.
The network has proposed a $20 million “bug bounty” reward in exchange for the return of the pilfered funds. Mixin Network faced the breach over the weekend leading to the suspension of deposits and withdrawals on the platform. This incident left users concerned as only half of their assets were deemed safe in the aftermath of the attack.to the hacker via an on-chain message. The message read, “Most of our platform assets were users’, and we hope you can refund them. You can keep $20 million of the assets as a BUG Bounty Reward for the BUG.
The network has since provided an update via X , revealing that the situation may not be as dire as initially estimated.After several days, we have completed most of the asset tally work, and the situation is much more optimistic than…
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