
Sezuritize entered the European market with real estate tokenization in Spain
Securitize, a platform specializing in digital securities issuance, has made its entry into the European market by tokenizing the shares of the Spanish real estate fund Mancipi Partners on the Avalanche blockchain. The issuance of security tokens for the fund's shares marks the first time Securitize has operated in Europe, having previously worked with companies in the US and Japan, as reported by The Block. The tokenization of real estate assets allows for fractional ownership, enabling...

CMCC Global launched a $100 million fund to invest in Web3
CMCC Global Asset Management, a venture capital firm based in Hong Kong, has launched a new fund known as the Titan Fund, with a specific focus on investing in Web3 infrastructure. The fund has attracted investment from notable participants, including Winklevoss Capital and Jebsen Capital. The Titan Fund is structured to target early-stage blockchain startups operating in various sectors within the Web3 ecosystem. These sectors include:Infrastructure: Companies involved in developing the foun...

Scandal at OpenAI: why Sam Altman was fired and how they tried to bring him back
The abrupt dismissal of CEO Sam Altman by OpenAI on November 17 rattled the company's foundation, eliciting reactions from disgruntled employees and blindsiding prominent investors with an unforeseen decision. Amid the aftermath, ForkLog diligently amassed pertinent details, weaving together a comprehensive narrative elucidating the perplexing sequence of events that transpired. Recounting the tumultuous tale, former OpenAI co-founder and now-ex-president, Greg Brockman, unraveled a saga...
Proactive and positive person with abilities to motivate others to get involved in projects.

Sezuritize entered the European market with real estate tokenization in Spain
Securitize, a platform specializing in digital securities issuance, has made its entry into the European market by tokenizing the shares of the Spanish real estate fund Mancipi Partners on the Avalanche blockchain. The issuance of security tokens for the fund's shares marks the first time Securitize has operated in Europe, having previously worked with companies in the US and Japan, as reported by The Block. The tokenization of real estate assets allows for fractional ownership, enabling...

CMCC Global launched a $100 million fund to invest in Web3
CMCC Global Asset Management, a venture capital firm based in Hong Kong, has launched a new fund known as the Titan Fund, with a specific focus on investing in Web3 infrastructure. The fund has attracted investment from notable participants, including Winklevoss Capital and Jebsen Capital. The Titan Fund is structured to target early-stage blockchain startups operating in various sectors within the Web3 ecosystem. These sectors include:Infrastructure: Companies involved in developing the foun...

Scandal at OpenAI: why Sam Altman was fired and how they tried to bring him back
The abrupt dismissal of CEO Sam Altman by OpenAI on November 17 rattled the company's foundation, eliciting reactions from disgruntled employees and blindsiding prominent investors with an unforeseen decision. Amid the aftermath, ForkLog diligently amassed pertinent details, weaving together a comprehensive narrative elucidating the perplexing sequence of events that transpired. Recounting the tumultuous tale, former OpenAI co-founder and now-ex-president, Greg Brockman, unraveled a saga...
Proactive and positive person with abilities to motivate others to get involved in projects.

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In a bold and unconventional move, the decentralized finance (DeFi) protocol Sturdy Finance has taken a unique approach to recovering stolen funds. In a surprising turn of events, the project's team has offered a staggering $100,000 reward to the attacker who hacked their platform, urging them to return the pilfered funds through an on-chain message.
The reward offer comes with an unprecedented condition: if the hacker chooses to accept and return the stolen funds, the project team pledges not to pursue any legal actions or charges against them. This unexpected response demonstrates Sturdy Finance's commitment to recovering the lost assets and its willingness to explore alternative avenues for resolution.
The attack on Sturdy Finance occurred on June 12, leaving the platform reeling from the loss of approximately 442 ETH, which amounts to around $770,000 at current market prices. The attacker cunningly exploited a re-entry error on Balancer, a popular decentralized exchange, and employed price oracle manipulation techniques to manipulate the price of B-stETH-STABLE, ultimately siphoning the funds from the protocol.
In response to the attack, the diligent developers behind Sturdy Finance swiftly took action to mitigate further potential losses. They promptly suspended all services to protect users and prevent any additional unauthorized access or malicious activities on the platform. The quick and decisive response demonstrates their commitment to safeguarding the interests of the Sturdy Finance community.
Confirming the extraordinary reward offer, project founder Sam Foreman took to Twitter to announce the proposal. This move not only showcases the team's determination to recover the stolen funds but also underlines their belief in the power of incentives and unconventional approaches to resolving complex situations in the realm of decentralized finance.
While the offer may be seen as unconventional and even controversial by some, Sturdy Finance's decision to offer a substantial reward aligns with the ethos of the DeFi community, which prioritizes decentralization, trust, and transparency. By exploring innovative ways to address security breaches and potential collaboration with hackers, the project seeks to navigate the complex landscape of decentralized finance with a forward-thinking mindset.
As the situation unfolds, the Sturdy Finance community eagerly awaits the response from the attacker. If the hacker accepts the offer and returns the stolen funds, it could potentially mark a unique and positive turning point, setting a precedent for future interactions between DeFi platforms and those who exploit vulnerabilities within them.
In conclusion, Sturdy Finance's audacious move to offer a $100,000 reward to the hacker who breached their platform demonstrates their commitment to recovering the stolen funds. This unorthodox approach showcases the project's determination to explore unconventional solutions and aligns with the principles of the DeFi community. The response from the attacker, if positive, could herald a new era of collaboration and restitution within the decentralized finance space.
In a bold and unconventional move, the decentralized finance (DeFi) protocol Sturdy Finance has taken a unique approach to recovering stolen funds. In a surprising turn of events, the project's team has offered a staggering $100,000 reward to the attacker who hacked their platform, urging them to return the pilfered funds through an on-chain message.
The reward offer comes with an unprecedented condition: if the hacker chooses to accept and return the stolen funds, the project team pledges not to pursue any legal actions or charges against them. This unexpected response demonstrates Sturdy Finance's commitment to recovering the lost assets and its willingness to explore alternative avenues for resolution.
The attack on Sturdy Finance occurred on June 12, leaving the platform reeling from the loss of approximately 442 ETH, which amounts to around $770,000 at current market prices. The attacker cunningly exploited a re-entry error on Balancer, a popular decentralized exchange, and employed price oracle manipulation techniques to manipulate the price of B-stETH-STABLE, ultimately siphoning the funds from the protocol.
In response to the attack, the diligent developers behind Sturdy Finance swiftly took action to mitigate further potential losses. They promptly suspended all services to protect users and prevent any additional unauthorized access or malicious activities on the platform. The quick and decisive response demonstrates their commitment to safeguarding the interests of the Sturdy Finance community.
Confirming the extraordinary reward offer, project founder Sam Foreman took to Twitter to announce the proposal. This move not only showcases the team's determination to recover the stolen funds but also underlines their belief in the power of incentives and unconventional approaches to resolving complex situations in the realm of decentralized finance.
While the offer may be seen as unconventional and even controversial by some, Sturdy Finance's decision to offer a substantial reward aligns with the ethos of the DeFi community, which prioritizes decentralization, trust, and transparency. By exploring innovative ways to address security breaches and potential collaboration with hackers, the project seeks to navigate the complex landscape of decentralized finance with a forward-thinking mindset.
As the situation unfolds, the Sturdy Finance community eagerly awaits the response from the attacker. If the hacker accepts the offer and returns the stolen funds, it could potentially mark a unique and positive turning point, setting a precedent for future interactions between DeFi platforms and those who exploit vulnerabilities within them.
In conclusion, Sturdy Finance's audacious move to offer a $100,000 reward to the hacker who breached their platform demonstrates their commitment to recovering the stolen funds. This unorthodox approach showcases the project's determination to explore unconventional solutions and aligns with the principles of the DeFi community. The response from the attacker, if positive, could herald a new era of collaboration and restitution within the decentralized finance space.
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