Tapioca Offers $1 Million Bounty to Attacker to Retrieve All Stolen Funds

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Tapioca Offers $1 Million Bounty to Attacker to Retrieve All Stolen Funds In a bold move to recover stolen assets and maintain trust within its decentralized finance (DeFi) community, the Tapioca Foundation has announced a $1 million bounty aimed at an individual responsible for stealing $4.7 million from its protocol.

According to Cointelegraph, the foundation behind the LayerZero-powered Omnichain money market Tapioca has issued an on-chain message to the attacker, urging the return of the remaining $3.7 million in stolen funds.

This breach has raised concerns regarding the security measures employed by DeFi platforms and the ongoing challenges they face in safeguarding digital assets.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaMali

Topics: Tapioca Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 10:47:53 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 692 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23152245

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About BitcoinWorld

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