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24 November 2020

Ethereum-based Origin Puts $1 Million Bounty on OUSD Hacker - Decrypt

Ethereum-based Origin Puts $1 Million Bounty on OUSD Hacker - Decrypt


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The Ethereum-based stablecoin OUSDwas hacked earlier this week, resulting in a “loss of funds of around $7M,” according to a blog post from the coin’s issuer, Origin Protocol.

“We are offering a bounty of $1,000,000 USD to anyone that supplies substantial information or evidence leading to the return of customer funds,” wrote Origin Protocol co-founder Josh Fraser inan update to the company’s original post.

“If you examine the wallet addresses that held OUSD, you will realize that many of our users are not degens or whales… Keep Origin’s funds, but don’t punish our users, many of whom were new to crypto.”.

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