Silo Finance team confirms exploit of wstUSR and offers 25% whitehat bounty for recovery of remaining funds.
Security & Exploits ·
The Silo Finance team has confirmed an exploit involving wstUSR and is attempting to recover funds through a public onchain message. The team identified the address involved in the incident and is offering a 25% whitehat bounty for the return of the remaining amount, with a designated recovery address and contact email provided for cooperation. The message was posted onchain on mainnet from an address associated with the team.
The approach represents a negotiation strategy rather than a technical remediation. By framing the situation as a potential whitehat recovery opportunity, the team aims to incentivize voluntary return of funds while signaling continued tracking efforts. The 25% bounty offer suggests that approximately three-quarters of the exploited amount remains at risk or unrecovered.
The extent of the initial exploit, whether the bounty offer will succeed in recovering funds, and any technical details about the wstUSR vulnerability remain undisclosed. No timeline for resolution or additional recovery steps has been announced.