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Loopring Hackers Strike Deal: Return $5.8M for 10% ’Ethical Hacker’ Cut
Loopring Hackers Strike Deal: Return $5.8M for 10% ’Ethical Hacker’ Cut
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In a twist that feels equal parts cyber-heist and venture capital negotiation, the perpetrators behind Loopring’s $5.8M exploit have agreed to return funds—provided they pocket a cool $580k ’bounty.’
White hats? More like gray-balance sheets.
The DeFi platform confirmed the arrangement, framing it as a ’cost-effective recovery solution’—because nothing says ’security’ like incentivizing thieves with institutional-grade negotiation tactics. Meanwhile, crypto Twitter oscillates between calling this pragmatic or a dangerous precedent.
One thing’s certain: in Web3, even hackers now demand founder-level equity.
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