Security· ★★★· bearish·

Blink offers 25% reward for recovery of 6.61 stolen BTC

  • —Blink lost 6.61 BTC ($566,000) on September 19 due to a vulnerability active since October 2023
  • —The attacker created a regular account, gained admin permissions and drained funds via on-chain and Lightning transactions
  • —A 25% reward is offered to informants and another 25% to Bitcoin Beach, Bitcoin Ekasi and Afribit Kibera
  • —Blink said the flaw has been fixed and affected users have been reimbursed
Why it matters: The incident highlights security risks in Lightning wallets and sets a precedent for bounty-based recovery of stolen funds.
#BTC
Source: Livecoins
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