• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cryptocurrency Company Faces Security Challenge After Losing Millions

user avatar

by Giorgi Kostiuk

2 years ago


In the fast-moving realm of cryptocurrency, UwU Lend encounters a significant obstacle following a substantial loss due to an intelligent exploit. Departing from the expected, UwU Lend announces a $5 million reward in ETH for the individual who can identify the responsible party.

The narrative unfolds when a vulnerability in UwU Lend's security is discovered, leading to a substantial financial loss. Despite the expiration of the deadline for returning the funds, UwU Lend is embarking on a new strategy to recuperate its losses.

What adds intrigue to the situation is UwU Lend's decision not to press criminal charges or involve law enforcement. Instead, they offer an alternative path for the hacker to rectify the situation. They propose a "white hat bounty" equivalent to 20% of the embezzled funds if the hacker returns the remaining 80% by a specified deadline. This approach aims to incentivize the hacker to return the majority of the ill-gotten gains and restore their reputation.

As the clock ticks, the cryptocurrency community observes attentively. Should the hacker reject these conditions, UwU Lend plans to escalate the reward and engage the public in identifying the perpetrator through lawful channels.

This unfolding narrative captivates seasoned investors and newcomers to the cryptocurrency sphere alike. It showcases the unpredictability of digital finance and the innovative strategies companies deploy to address challenges. The pivotal question remains: will the allure of a substantial reward persuade the hacker to come forward, or will the pursuit of justice persist?

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Zcash Leads Privacy Segment in Q4 2025

chest

Zcash stood out among privacy tokens in Q4 2025, demonstrating increased adoption of its privacy features.

user avatarTando Nkube

Q4 2025 Experiences a Decrease in All Cryptocurrency Sectors.

chest

Grayscale characterizes Q4 2025 as a consolidation phase with negative returns across all six crypto sectors.

user avatarKofi Adjeman

Catizen Enhances Gaming Experience with Major Update.

chest

Catizen, a game where players build and manage a virtual cat city, has received a major update that enhances user experience.

user avatarRajesh Kumar

EdChess Introduces a Competitive Chess Experience on Telegram.

chest

EdChess has brought competitive chess to Telegram, allowing players to engage in 1v1 matches, tournaments, and daily puzzles for rewards.

user avatarNguyen Van Long

Notcoin transitions to an Explore-to-Earn framework.

chest

Notcoin has evolved from a simple tapping game to an explore-to-earn model, allowing players to earn NOT tokens through Web3 quests.

user avatarTomas Novak

Sui Network Engages Community and Institutional Participation

chest

Sui Network has actively engaged its global community in 2025, with over 13,000 attendees across 17 events worldwide, including Sui Basecamp in Dubai and the launch of a 2x leveraged SUI ETF by 21Shares on Nasdaq.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.