The post Mango Markets DAO Approves a $47M Bounty for a Hacker appeared first on Coinpedia Fintech News
Following the Oct. 12 Mango Markets attack, the hacker presented a proposal to the project, requesting that it utilize up to $70 million from its treasury to cover certain outstanding debts. He committed to repaying the cash if his stipulations were met.
the project team produced a proposal in an attempt to reach an agreement with the hacker the same day. according to the plan, the hacker will return up to $67M and keep the rest $47M as a bug bounty.
The message to the hacker reads:
“As a demonstration of good faith, you must return the assets other than MNGO, MSOL, USDC, and SOL within 12 hours of the proposal opening.”
Source: https://coinpedia.org/crypto-live-news/mango-markets-dao-approves-a-47m-bounty-for-a-hacker/