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