The company says it will not pursue legal actions if a hacker returns stolen funds and accepts a $100,000 bounty.
With a promise to resolve the matter without further escalation, Sturdy Finance, a decentralized finance (DeFi) entity, has put forth a unique proposal for the villain who recently exploited their system.
The hacker, who lifted nearly $800,000 in digital assets from the DeFi protocol, has been offered a $100,000 reward, provided they restore the stolen funds.
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Sturdy Finance faced a significant financial setback on June 12th when a malicious actor exploited the vulnerabilities within their system. As per cybersecurity firms, a flawed price oracle was exploited through a technique known as a reentrancy attack, causing the breach.
In the aftermath of the incident, the platform halted all market activities, reassuring its community that no additional funds are exposed to risk.
The day following the unfortunate event, Sam Forman, the founder of Sturdy Finance, used Twitter to introduce a $100,000 proposal for the offender in return for the rest of the funds rerouted to a specified wallet.
Forman indicated that evading the repercussions of these exploits has grown increasingly challenging. If the offender agrees with their proposal, the platform is prepared to consider the case closed.
It's been observed that, in some instances, offering monetary rewards to attackers has facilitated the retrieval of a fraction of the misappropriated funds. One of the best examples of such scenarios is Euler Finance, which regained 90% of the money stolen in a significant DeFi breach this year following negotiation and a bounty offer to the perpetrator.
Sentiment, a lending protocol, also recovered $870,000 post-exploit by proposing a bounty to the hacker.
However, not all platforms have been as fortunate. Jimbos Protocol put forward a public bounty of $800,000 when their attacker refused to engage with their offer. The reward, according to the platform, was for anyone who could aid in identifying the offender or help regain the stolen funds.
