Huobi was hacked for $7.9 million after a hot wallet was compromised. Huobi offered a white hat bonus to encourage the return of stolen funds
Highlights
- Hackers compromised Huobi’s hot wallet and stole $7.9 million worth of digital assets.
- Hackers made off with 5,000 ETH worth around $7,000 before the breach was detected and the wallet was disabled.
- Huobi offered a 5% white hat bonus to encourage the return of stolen funds.
- The term “white hat’ refers to ethical hackers who disclose vulnerabilities to companies in order to help improve security.
- By offering a bug bounty, Huobi hopes to incentivize thieves to return stolen crypto, which was stolen from Huobi’s hot wallet.
- For confidential support on suicide matters call the Samaritans on 08457 90 90 90, visit a local Samaritans branch or click here.
Read the original article
Bitcoin hidden in old wallets worth $24.88 million