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Cysic Offers 10% Bounty to Hacker Who Sends Stolen Funds Through Tornado Cash

(2 hours ago) · 1 source · Summarized by CryptoBipto

Cysic, a crypto project, offered a 10% white-hat bounty to the exploiter who attacked its protocol. Instead of returning the funds, the hacker moved the stolen assets through Tornado Cash, a cryptocurrency mixing service used to obscure transaction trails.

WHY IT MATTERS

When a crypto project gets hacked, the team sometimes tries to negotiate with the attacker by offering a "white-hat bounty" — essentially saying, "Keep a percentage of what you took, and return the rest, and we won't pursue legal action." Think of it like a store owner telling a shoplifter, "Return most of the goods and you can keep some, no questions asked." In this case, the hacker refused the deal and instead used Tornado Cash, which works like a digital laundry service for cryptocurrency — it mixes many people's transactions together so that it becomes very difficult to trace where money came from or where it went. This makes it much harder for anyone to recover the stolen funds, and it illustrates why security remains one of the biggest challenges in the crypto industry.

Cysic experienced a security exploit in which an attacker drained funds from the project. In response, the Cysic team publicly offered the hacker a 10% bounty — a common tactic in crypto security incidents where projects attempt to negotiate the return of stolen funds by allowing the attacker to keep a portion as a reward for exposing the vulnerability.

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SOURCES

  • cointelegraph.com

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