Eureka Trading Offers $3M Bounty to Help Recover Stolen Crypto

2023-4-17 11:15

Crypto trading platform Eureka Trading is offering a bounty of over $3 million for the recovery of stolen crypto from its platform. The founder said he was subject to a private key leak and crypto hack that resulted in $15 million being stolen.

Derivatives-focused crypto trading platform Eureka Trading has put a $3 million bounty to help recover funds it lost as a result of a hack.

The platform’s founder Kuan Sun tweeted about the bounty on April 16, saying that the value of the bounty may be even higher depending on the kind of help provided.

Crypto Bounty as a Last Measure

The offering of a bounty is another trend among crypto platforms that quickly offer financial incentives for recovering funds. There has been a slew of incidents in the market in recent weeks, with hackers returning the funds after negotiating with the teams. There have even been instances where the hackers have apologized for the incident.

One of the most notable such incidents in 2023 has to do with the Sentiment hack, a DeFi platform. The hacker had stolen nearly $1 million, returning nearly 90% of the funds. Before this, both Euler and Allbridge saw their attackers return funds.

What Is Eureka Trading?

Eureka Trading is a specialized financial derivative service provider in the crypto industry, calling itself the first of its kind. It claims to have over $500 million in assets under management, with a monthly turnover of over $50 billion.

According to the founder, Eureka Trading was hacked for about $15 million. He tweeted that he was subject to a private key leak, which saw the attacker making away with the funds. He also noted that there was some information on the attacker, but not enough to conclusively identify what had taken place.

Crypto Hacks in Q1 2023 Top $300M

2023 has been a busy year in terms of hacks. In the first quarter of the year, hackers managed to steal over $320 million, according to blockchain security firm CertiK. Ethereum was the biggest target of these hacks, accounting for about $221 million in losses.

Crypto Hack Totals From Q1 2023 by CertiK

NFT hacks and exploits are also growing, which is understandable given the interest in the niche. Bad actors often carry out phishing attacks on social media to compromise wallets and nab valuable NFTs.

The post Eureka Trading Offers $3M Bounty to Help Recover Stolen Crypto appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0064948 (-100%)

help recover eureka crypto trading bounty stolen

Источник: beincrypto.com

help recover → Результатов: 60


Transit Swap Managed To Recover 70% Of Stolen Funds After Exploit

On Sunday, the multichain decentralized exchange aggregator Transit Swap suffered an exploit resulting in $23 million losses. But fortunately, the project’s team managed to recover 70% of the stolen funds on the same day with the help of several blockchain security firms, which facilitated the platform immediately after the incident.  The blockchain security firms which […]

2022-10-4 02:37


Bitcoin Bear Market: Almost Over or More Pain Ahead?

To help answer these questions, we’ve looked at the last three major pullbacks and corrections in Bitcoin to see how they compare to the current one. We analyze various technical and fundamental factors, such as how severe the corrections were, how long BTC took to recover and make a new all-time high, and the main […] Bitcoin Bear Market: Almost Over or More Pain Ahead? was originally found on Blokt - Privacy, Tech, Bitcoin, Blockchain & Cryptocurrency.

2022-5-17 22:55


Фото:

London High Court Orders Binance to Identify Individuals Behind $2.6 Million Fetch.ai Hack

London High Court judge Pelling QC has ordered Binance crypto exchange to track hackers and help recover all the $2.6 million stolen on June 6 from Fetch.ai accounts on Binance. The case is part of the public cases involving the cryptocurrency exchange since being ordered by the Financial Conduct Authority (FCA) to cease providing any […]

2021-8-14 15:41


Are crypto-regulations alone enough to safeguard your Bitcoins against an exchange hack?

No amount of doodles, numbers, and letters in your password can help recover your Bitcoins stored on a crypto-exchange if it happens to get hacked. However, the main target here is not your crypto-walThe post Are crypto-regulations alone enough to safeguard your Bitcoins against an exchange hack? appeared first on AMBCrypto.

2020-5-9 18:00


Bitfinex Applies for 3 Subpoenas to Help Recover $880M in Crypto Capital’s Frozen Funds

BitFinex seeks subpoenas from U.S courts to depose U.S based banks after its payment processing firm, Crypto Capital, had its funds frozen in 2019. According to the subpoenas sent to Colorado, Arizona, and Georgia, Tether’s sister company, iFinex, looks to the federal courts to intervene in the release of over $800 million in its funds […]

2020-5-3 17:46


Hurricane Dorian Relief Effort Enlists an Unlikely Ally: Bitcoin

The Hurricane Dorian relief effort has teamed up with an unlikely ally to help the Bahamas recover from the devastation wrought by the storm: Bitcoin. Coinbase & Bitpay facilitate Bitcoin donations for Hurricane Dorian recovery This has become possible after Lend a Hand Bahamas, a charity organization based on the Caribbean island nation, set up […] The post Hurricane Dorian Relief Effort Enlists an Unlikely Ally: Bitcoin appeared first on CCN Markets

2019-9-5 17:49


DIPChain ICO

DIPChain aims to facilitate all advantages which the blockchain implementation may give in the area of valuing and trading art as well as funding and investing in artists and artworks. Possibilities of tracking and authenticity of art works can be obtained through blockchain system.

2019-5-16 17:03


On Collusion

Special thanks to Glen Weyl, Phil Daian and Jinglan Wang for review Over the last few years there has been an increasing interest in using deliberately engineered economic incentives and mechanism design to align behavior of participants in various contexts.

2019-4-5 04:03


AidCoin Showcases the First Pilot Donation Entirely on Blockchain, Supported by Kate Moss and Other Celebrities

43% of people believe that the funds they donate to charity will never reach their goal and as a result, even worthy causes are left with insufficient funding. This 43 % have a legit reason for such attitude though: recent scandals in the world’s biggest charities, who are supposed to be the role models for the whole sector, signalize that the charity mechanism is broken.

2019-2-27 21:31


Фото:

This company promises to recover files from your locked iPhone – but it won’t help the FBI

DriveSavers, a company known for its data recovery services, announced that it can offer “passcode lockout recovery service,” which means it can unlock your secured iPhone. That’s notable because it’s damn near impossible to unlock an iOS device without the passcode or access to the owners’ biometric signatures for authentication.

2018-11-28 16:50


дальше еще 11 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru