Fei Protocol Offers the Attacker(s) $10 Million With No Questions Asked
The team at Fei Protocol has thus far confirmed the attack. They have gone on to offer the attacker(s) 10 million dollars as a bounty for identifying the vulnerability, with no questions asked. The $10m is also for the exploiter(s) to return the remaining user funds. The request by Fei Protocol can be found below.
We are aware of an exploit on various Rari Fuse pools. We have identified the root cause and paused all borrowing to mitigate further damage. To the exploiter, please accept a $10m bounty and no questions asked if you return the remaining user funds.
DeFi Hacks Continue to be a Pain Point for the Blockchain Industry
The $80 million exploit on both Rari Capital and the Fei Protocol comes exactly one month after the record-breaking $615 million Axie Infinity hack carried out by the North Korean state-sponsored Lazarus group.
According to a report by Chainalysis, hackers had a big year in 2021, netting $3.2 billion worth of cryptocurrency. Additionally, attackers targeting various crypto exchanges and DeFi protocols have thus far netted $1.3 billion in the first three months of this year. Of the latter amount, 97% has been taken from DeFi protocols, up from 72% in 2021 and just 30% in 2020.
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