Arch Digital offers 15% bonus to hacker responsible for $1.5M in Vault attack
Tortola, British Virgin Islands, October 25, 2024, Chainwire.
Aark Digital recently experienced a security breach in which an unauthorized party accessed and spent around 1,386,085 USDC and 24.143 ETH. In response, the project has launched 24/7 recovery efforts, while also implementing additional security measures to prevent further unauthorized activity.
As part of its recovery strategy, Arc Digital is offering a 15% bonus to the responsible individual, based on the safe and complete return of stolen assets. This 225,000 USDC bonus is intended to encourage returns, and more details are available here on the Arkham Bounties Forum.
If a full recovery is not made, Aark Digital has indicated that it will announce a distribution plan to properly address the situation. The company has set a deadline of October 26, 2024, 15:00 UTC for the responsible party to respond, stating that it is prepared to take legal action if the money is not returned within this time frame.
Arch Digital is committed to keeping the community informed throughout this process, emphasizing its commitment to transparency and user safety.
Arch Digital will continue to provide updates on the situation.
About Arc Digital
Ark Digital is a blockchain-focused project dedicated to providing secure and innovative solutions in the digital asset space. Committed to transparency and consumer safety, Arch uses cutting-edge technology and industry best practices to protect its digital assets and build trust in the community. Arch Digital aims to promote the growth and adoption of decentralized finance globally.
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