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.”
In addition to the BTC addresses that contain the funds, there is now a considerable amount of personally identifiable information about the attacker known in the crypto community.
We’ll spend a bounty of 100,000 for the first person or team to reach the attacker
– Harvest finance (@harvest_finance) October 26, 2020
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”.
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.