Harvest Finance Bumps Up Bounty on Hacker to $1M

By Abhimanyu Krishnan | News | 30 Oct 2020

Harvest Finance has increased the bounty from $100,000 to $1 million against the individual behind the $33.8 million hack that occurred on October 26.

  • The Harvest Finance team tweeted that they had increased the bounty to $1 million, having established the attacker’s method of attack and platforms used
  • Only on October 27, the team had said that they had identifying information on the hacker, though none of the information provided has any genuine personally identifiable information
  • The increased bounty suggests that they are still unaware of the hacker’s identity, though the team has initially said that the individual is “well known” to the crypto community
  • The hacker used the obfuscation tool Tornado Cash after having swapped the stolen funds for renBTC
  • The hack was described as an economic arbitrage attack that involved the manipulation of stablecoin prices on Curve before it was transferred to Harvest

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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