{"id":30972,"date":"2020-10-30T09:58:12","date_gmt":"2020-10-30T07:58:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30972"},"modified":"2025-08-28T00:53:42","modified_gmt":"2025-08-27T21:53:42","slug":"harvest-finance-offers-1-million-bounty-for-return-of-stolen-funds","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/harvest-finance-offers-1-million-bounty-for-return-of-stolen-funds\/","title":{"rendered":"Harvest Finance offers $1 million bounty for return of stolen funds"},"content":{"rendered":"<p>The Harvest Finance team has increased the bounty for help in recovering funds, <a href=\"https:\/\/u1f987.com\/en\/news\/hacker-drains-19-8m-from-harvest-finance-as-farm-price-falls-more-than-50\">stolen<\/a> from the platform. Instead of the initial $100,000, the developers are prepared to pay $1 million.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\ud83d\udcb5Increasing the bounty for tracking down the attacker and returning the funds to $1M<\/p>\n<p>\\n<\/p>\n<p>Here\u2019s what we know about the attacker:<\/p>\n<p>\\n<\/p>\n<p>1) understands flashloans<br \/>\\n2) understands arbitrage and trading<br \/>\\n3) understands curve internal code<br \/>\\n4) understands renBTC<br \/>\\n5) understands opsec<\/p>\n<p>\\n<\/p>\n<p>1\/2<\/p>\n<p>\\n<\/p>\n<p>\u2014 Harvest Finance (@harvest_finance) <a href=\\\"https:\/\/twitter.com\/harvest_finance\/status\/1321879259481313282?ref_src=twsrc%5Etfw\\\">October 29, 2020<\/a><\/p>\n<p>\\n<\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Those who wish to help are asked not to disclose the attacker&#8217;s identity, and to focus on recovering the funds.<\/p>\n<blockquote>\n<p>\u201cHere&#8217;s what we know about the attacker: understands flash loans, arbitrage and trading, Curve protocol internals, RenBTC, operational security, yield farming, can write smart contracts <\u2026> was available during the attack,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>Five random people who retweet the post will be paid one native FARM token each.<\/p>\n<p>The developers promised to distribute among users $2.47 million that the hacker returned. As one of the compensation measures, a debt-based pool could be created.<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Work is underway to build a snapshot claims portal and distribute back the 2.5M, which will bring the drawdown to ~13.5%.<\/p>\n<p>\\n<\/p>\n<p>For further reparations to make amends with the victims of the economic attack, the community has suggested the following solutions, each with pros and cons. <a href=\\\"https:\/\/t.co\/gEBUuR50gp\\\">pic.twitter.com\/gEBUuR50gp<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Harvest Finance (@harvest_finance) <a href=\\\"https:\/\/twitter.com\/harvest_finance\/status\/1321570056933908488?ref_src=twsrc%5Etfw\\\">October 28, 2020<\/a><\/p>\n<p>\\n<\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The amount of locked funds in the Harvest Finance DeFi protocol stands at $302 million. As of writing, the project <a href=\\\"https:\/\/defipulse.com\/\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">\u0437\u0430\u043d\u0438\u043c\u0430\u0435\u0442<\/a> tenth place in DeFi Pulse&#8217;s ranking.<\/p>\n<div id=\\\"attachment_114782\\\" style=\\\"width: 822px\\\" class=\\\"wp-caption alignnone\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-114782\\\" class=\\\"size-full wp-image-114782\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-336.png\\\" alt=\\\"Harvest Finance offers $1 million bounty for return of stolen funds\\\" width=\\\"812\\\" height=\\\"499\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-336.png 812w, https:\/\/u1f987.com\/wp-content\/uploads\/1-336-300x184.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-336-768x472.png 768w\\\" sizes=\\\"auto, (max-width: 812px) 100vw, 812px\\\" \/><\/p>\n<p id=\\\"caption-attachment-114782\\\" class=\\\"wp-caption-text\\\">Source: <a href=\\\"https:\/\/defipulse.com\/\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">DeFi Pulse<\/a>.<\/p>\n<\/div>\n<p>As reported, the attacker used an instant swap to manipulate the prices of the stablecoins USDC and USDT. Representatives of the project <a href=\"https:\/\/u1f987.com\/en\/news\/harvest-finance-explains-hacker-attack-as-an-engineering-error\">explained<\/a> the attack as an &#8216;engineering error&#8217;.<\/p>\n<p>Subscribe to ForkLog&#8217;s news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Harvest Finance team has increased the bounty for help in recovering funds stolen from the platform. Instead of the initial $100,000, the developers are prepared to pay $1 million.<\/p>\n","protected":false},"author":1,"featured_media":30973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1093,1997],"class_list":["post-30972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-defi","tag-harvest-finance"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30972"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30972\/revisions"}],"predecessor-version":[{"id":30974,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30972\/revisions\/30974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30973"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}