Crypto Platform Eureka Trading Offers $3 Million Reward for Stolen Funds Recovery
Eureka Trading, a crypto trading platform specializing in financial derivatives, has offered a bounty exceeding $3 million to retrieve stolen cryptocurrency.
The founder disclosed that the platform suffered a $15 million loss due to a private key leak and subsequent crypto hack. This move aligns with the trend among crypto platforms to incentivize the recovery of lost funds through bounties.
No less than 20% of the fund will be provided as bounty(can be higher depends on the value of help)!
So it is a chance to earn 3000000+USD for anyone who chould help. https://t.co/BZlb0cZhZO
— Kuan Sun (@KuanSun1990) April 16, 2023
In recent weeks, hackers have returned funds after negotiation, and some have even apologized for their actions. The $3 million bounty offered by Eureka Trading may increase based on the assistance provided.
The platform claims to have over $500 million in assets under management and a monthly turnover of over $50 billion.
The trend of offering financial incentives for recovering lost funds is gaining popularity among crypto platforms, with Eureka Trading being the latest platform to offer a bounty.
The hack on Eureka Trading is one of the many incidents this year, with hackers stealing over $320 million in Q1 2023 alone.