IoTeX Offers 10% Bounty to Hackers for $4.4M Cross-Bridge Fund Return

The IoTeX blockchain team has made a direct appeal to hackers, offering a 10% bounty for the return of approximately $4.4 million in stolen assets. The funds were taken in a recent exploit of the cross-chain bridge. The team has set a 48-hour deadline for the return, after which they have threatened to involve law enforcement and cybersecurity experts. This move highlights the growing trend of "white hat" negotiation in the crypto space following security breaches. The incident underscores the ongoing security challenges faced by cross-chain interoperability protocols. IoTeX's response aims to recover a significant portion of user funds while investigating the vulnerability.