Aark Digital Proposes 15% Recovery Reward After $1.5M Vault Breach
In a recent security breach at Aark Digital, an unauthorized person gained access to and took out about 24.143 ETH and 1,386,085 USDC. The project has responded by starting recovery activities around the clock and implementing extra security measures to defend against any more illegal conduct.
Aark Digital is providing a 15% reward to the culprit as part of its recovery plan, provided that the stolen goods are returned safely and completely. This 225,000 USDC bounty is intended to encourage the return of the funds; more information can be found here on Arkhams bounty platform.
Aark Digitial has stated that it will reveal a suitable distribution strategy to deal with the situation if a complete recovery does not occur. The organization has given the responsible person until October 26, 2024, at 15:00 UTC, to reply, and if the money is not returned by then, it is ready to take legal action.
Throughout this process, Aark Digital will update its community, highlighting its commitment to openness and user security.
As new information becomes available, Aark Digital will keep the public informed.
Read more: https://zycrypto.com/aark-digital-proposes-15-recovery-reward-after-1-5m-vault-breach/
Text source: ZyCrypto
