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.
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The platform claims to have over $500 million in assets under management and a monthly turnover of over $50 billion.
Additionally, NFT hacks and exploits are becoming more prevalent, with bad actors often using phishing attacks on social media to compromise wallets and obtain valuable NFTs.
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.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
