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Harvest Finance is offering a $ 100,000 reward to identify a suspected hacker

October 26, 2020

Harvest finance, an important DeFi protocol, According to reports, a $ 100,000 bounty was issued after a $ 24 million attack on its liquidity pools.

In one Tweet On October 26, a Harvest Finance spokesman said there was enough data to date to identify the attacker. “That is known in the crypto community.”

Harvest Finance’s $ 100,000 reward apparently comes soon after. The log was hacked todayReportedly with an attacker steel around $ 24 million from Harvest Finance funds and exchanged them for renBTC (rBTC). Later Harvest Finance Approved the hack, The protocol “is actively working to mitigate the economic attack on stablecoins and BTC funds”.

Harvest Finance is offering a $ 100,000 reward to identify a suspected hacker
Harvest Finance is offering a $ 100,000 reward to identify a suspected hacker

The attacker then returned around 2.5 million US dollars in the form of Tether (USDT) and USD Coin (USDC) to the implementer. “This is proportionally distributed to the depositors concerned via a snapshot.”, tweeted Harvest finance.

In a joint effort with Ren protocol, Harvest finance power Identify the Bitcoin addresses the money was sent to. Harvest Finance representative they asked then to the main stock exchanges, including Binance and Coinbase which freeze stolen funds.

At the time of publication Harvest Finance’s FARM token has fallen about 60% in the past 24 hours. The total value set in the harvest log also fell sharply from more than $ 1 billion on October 25 to about $ 570 million, according to DeFi Pulse.

Total value locked in Harvest Finance (USD). Source: DeFi Pulse