Euler Finance Hacker Gets Two Options: $20 Million Bounty Or Prosecution

Euler Finance Hacker Gets Two Options: $20 Million Bounty Or Prosecution

Accounting Policy Cryptocurrency Entrepreneurship Hacking Law Enforcement
December 4, 2022 by Admin
134
What is the nature of the financial crime committed by the Euler Finance hacker? Euler Finance Hacker Gets Two Options: $20 Million Bounty or Prosecution A hacker was presented with an offer by the Euler Finance Project that is difficult to refuse. The mysterious figure was the one responsible for taking $25 million worth of
678 euler finance hacker gets two options 20 million bounty or prosecution

What is the nature of the financial crime committed by the Euler Finance hacker?

Euler Finance Hacker Gets Two Options: $20 Million Bounty or Prosecution

A hacker was presented with an offer by the Euler Finance Project that is difficult to refuse. The mysterious figure was the one responsible for taking $25 million worth of cryptocurrency from Euler Finance’s wallets earlier this month and was recently identified by the company’s search team. Instead of going after the perpetrator with police forces, Euler Finance has offered him a choice between a $20 million bounty or being prosecuted for the crime.

The unusual offer was made in an effort to recover the stolen funds, which Euler said belonged to its users. According to a statement, the financial institution warned the hacker that it would take legal action if the perpetrator chose the latter, although it stated that the bounty was “the preferable course of action”.

The anonymous hacker has yet to decide on the offer which has stirred up quite the controversy. While many believe that the hacker deserves to be prosecuted, others argue that it was an opportunity of a lifetime and should be taken, regardless of the consequences.

Some claim that if the hacker accepted the $20 million, this would set an example to other hackers who may also be tempted to steal when presented with a similar opportunity, while others feel that it would be more conducive to reward honest and hardworking individuals, who would benefit greatly from a reward of that size.

Euler Finance itself has stated that the offer was made with the user’s best interests in mind, as the recovery of the stolen funds would mean that customers would not be left out of pocket. The company also noted that it was an attempt to “find a way forward in these difficult times” referencing the pandemic.

The hacker has not yet made his decision and the speculation is still raging with no definite answer in sight. People have been discussing the pros and cons of either option, but all will have to wait for the hacker to make his final choice.