On-Chain Hackers Promise $95000 Compensation for Recovering Stolen Funds – What You Should Know

04/05/2023 03:18 • Metaverse & Beyond • 85 views

According to reports, according to CertiK citing on chain sources, someone sent on chain information to Sentiment hackers an hour ago. The on chain information outlined that if funds were stolen before 8am on April 6th, they would receive a compensation of $95000. On the contrary, if not returned, the bonus will be given to those who provide hacker information.

Security company: Sentiment hackers who return stolen funds within the specified time frame will receive a compensation of $96000

In recent news, CertiK has reported that someone has sent on-chain information to Sentiment hackers an hour ago. According to the information outlined on-chain, if funds were stolen before 8 am on April 6th, the person responsible will receive compensation of $95000. However, in the absence of the return of the funds, the bonus will be given to those who provide hacker information. This news has left several people perplexed and confused about what it all means. This article examines the important details surrounding the news and what you should know about on-chain hackers.

Who are Sentiment Hackers?

Before getting into the specifics of the compensation promised by the hackers, it’s important to know who Sentiment Hackers are. Sentiment was founded in 2017, and they are known for their blockchain-based platform that focuses on providing insights and analytics based on the aggregation of sentiments and opinions from different platforms. Sentiment hackers are people who specialize in hacking into the Sentiment platform.

The Compensation of $95000 – What Does It Mean?

As the on-chain information outlines, the $95000 compensation is to be given to anyone responsible for stealing the funds before 8 am on April 6th. This means that if you are the one responsible for stealing the funds and you return them before this deadline, you will receive the compensation. On the contrary, if you fail to return the funds by the deadline, the bonus will be given to those who provided the hacker information.

The Implications of This News

The implications of this news depend on your perspective. If you are in possession of stolen funds, the news implies that there’s a compensation of $95000 waiting for you if you return the stolen funds before the deadline. However, for legitimate owners of the stolen funds, the news indicates that there’s a possibility to recover the stolen funds.
Moreover, this news also implies that on-chain information is not always secure, and it can be used by hackers. This highlights the need for better security measures and protocols to prevent on-chain information from being used maliciously.

What You Should Do

If you are in possession of the stolen funds, returning them before the deadline would be the wise decision. It means that you qualify for the compensation, which is more than the value of the stolen funds. For legitimate owners of the stolen funds, you should report the theft and any related information to the authorities immediately.

Conclusion

The news of the on-chain hackers promising $95000 compensation for returning stolen funds has left the crypto world in shock. The possibility of recovering stolen funds and the associated compensation is a rare event. However, this also highlights the need for better security measures in the crypto space to prevent hacks and cyber-attacks.

FAQs

Q. Will the compensation be given to anyone who returns the stolen funds?
No, the compensation is only for those who return the funds before the deadline on April 6th, 8 am.
Q. What happens if the on-chain information used by the hackers is false?
It’s not clear what the implication will be; it’s yet to be determined.
Q. How can we prevent on-chain information from being used maliciously?
Better security measures and protocols, such as multi-signature wallets, can help prevent on-chain information from being used maliciously.
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