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Verus Bridge Hacker Returns $8.5M After Being Offered a Bounty — Here's How That Actually Works

(133 days ago) · 1 source · Summarized by CryptoBipto

An exploiter who drained funds from the Verus bridge returned $8.5 million in stolen assets after the project offered a bounty deal. The arrangement reportedly allowed the hacker to keep $2.8 million as a white-hat reward in exchange for returning the majority of the funds.

WHY IT MATTERS

Imagine someone finds an unlocked back door to a bank vault and takes $11.3 million. Instead of calling the police (which in crypto is much harder since there's no central authority), the bank says: 'Return $8.5 million and you can keep $2.8 million as a reward — no questions asked.' That's essentially what happened here. In crypto, 'bridges' are tools that let you move your coins between different blockchain networks, but they're complex and often have security weaknesses that hackers can exploit. This story matters because it shows both a recurring security problem in crypto (bridge hacks) and an unusual but increasingly common solution — paying hackers to give the money back.

In an increasingly common pattern in DeFi security incidents, the Verus project successfully negotiated the return of $8.5 million in exploited funds by offering the attacker a bounty — essentially a deal that lets the hacker walk away with a portion of the stolen funds (reportedly $2.8 million) in exchange for returning the rest.

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