AFX extends white hat settlement offer to bridge exploit perpetrator: return 70% of stolen assets for 30% bounty.
Security & Exploits ·
AFX has extended a settlement offer to the party responsible for a recent bridge exploit, proposing that the perpetrator return 70% of the stolen assets to a designated address in exchange for retaining 30% as a white hat bounty. The onchain message was transmitted on the Arbitrum network and frames the arrangement as a path to swift asset recovery prioritizing community interests.
The structure of the offer—allowing the exploit perpetrator to keep a substantial portion of the funds as compensation for returning the majority—is a common mechanic in white hat settlements within crypto. It incentivizes the return of stolen assets by providing a financial reward without requiring full restitution, reducing the perpetrator's exposure while limiting AFX's losses relative to total theft.
The timeframe for acceptance remains unspecified beyond being "limited," and there is no public indication whether the offer has been accepted or what total amount of assets were taken in the incident.