LBP protocol exploit victim recovery notice: team offering 20% white-hat bounty for return of stolen funds by July 1, 2026, with law enforcement involvement.
Security & Exploits ·
An LBP protocol team posted an on-chain message to the party responsible for a recent exploit, acknowledging the attack's sophistication while noting its impact on multiple victims and the involvement of law enforcement. The team stated that on-chain tracing has already connected the stolen funds to identifying information tied to the attacker.
The team is proposing a settlement: the attacker may retain 20% of the stolen assets as a white-hat bounty in exchange for returning the remaining 80% to a designated address by July 1, 2026. The message emphasizes the team's preference for direct resolution over law enforcement escalation and requests any negotiation occur on-chain from the attacker's address or via email with cryptographic verification.
The response from the exploit perpetrator remains unknown. The message does not detail the exploit's mechanism, the total value at stake, or the specific vulnerabilities exploited in the LBP protocol.