First of all, don't get confused, it's a challenge made by the GK8, a Cryptocurrency custodian startup based in Israel, that is offering $250,000 in Bitcoin, if someone could hack their cold wallet!
The amount will be a bounty reward starting in Feb.3, and will be running for 24 hours, the wallet will be holding $150,000 in BTC, and if someone will be able to hack it will receive an additional increase of more $125,000.
GK8 claims that their wallet is "unhackable" totally secure using the latest Tech to protect the customers funds, and the "challenge will be on on Feb" ...wishing to participate, just be in touch!
The startup is testing the capabilities of the hackers, and I bet that they will crack it, and take out that bounty reward.
We need to remember that, when others are improving the Tech, the criminals also a building infrastructure to Crack it down.
Let's wait to see what happens!