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30 November 2020

Akropolis Proposes Unique Deal to Hacker Following Crypto Theft | Live Bitcoin News

Akropolis Proposes Unique Deal to Hacker Following Crypto Theft | Live Bitcoin News


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Instead, it’s taking a different approach, proposing a partnership with the hacker and a small financial reward for his (or her) willingness to cooperate and work with the company.

The trading and lending platform says that it is willing to hand over $200,000 in the form of what’s knonwn as a “bug bounty” to the hacker and also says that it will leave legal authorities out of the mix granted they return the funds and work with executives to ensure the issue is fixed in a timely manner.

While money was stolen and the maneuver was allegedly done with malicious intent behind it, the cryptocurrency trading platform believes that in many ways, the hacker has helped them get better.

They then typically exploit security issues with the company to get around set loan protocols and walk away with the money that they have borrowed, never having to pay it back

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