Slope Wallet says it will pay 10% bounty if attacker returns stolen funds

Quick Take

  • Slope Wallet, which was exploited this week for $5 million, has offered the thief a 10% bounty.
  • It also promised not to pursue any legal action if the funds are returned within 48 hours.  

Slope Wallet, the Solana wallet platform exploited earlier this week for roughly $5 million, has announced that it will pay a 10% bounty (worth around $450,000) if the attacker returns the stolen funds. 

In a tweet posted Friday afternoon, the Slope team posted a Solana address and appealed to the thief with an added incentive: “Upon receipt of these funds, we will not make additional efforts to investigate this matter, or pursue any legal action." 

The team gave the attacker a 48-hour window to return the funds and receive the bounty. It added that it has been working with law enforcement and TRM labs, a leading blockchain intelligence firm, to retrieve the stolen funds.  

On Tuesday night, an attacker accessed user seed phrases that had been stored in plaintext on Slope’s centralized server and used them to steal cryptocurrency. The exploit affected thousands of users. 

The Slope Wallet hack came on the heels of another major crypto hack, that one hitting the Nomad Bridge for $190 million initially ($22.4 million has been recovered). 


© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Mike is a reporter covering blockchain ecosystems, who specializes in zero-knowledge proofs, privacy, and self-sovereign digital identification. Prior to joining The Block, Mike worked with Circle, Blocknative, and various DeFi protocols on growth and strategy.