Eureka Trading Founder Offers $3M Reward for Information on $15M Crypto Hack

04/17/2023 02:46 • AI & Tech Insights • 65 views

On April 17th, Kuan Sun, founder of Eureka Trading, a crypto derivative trading company, stated that in June last year, I was hacked into stealing $15 million due to a private key leak. Although I have some preliminary IP and other information, I have not yet been able to determine the identity of the hacker. I hope that individuals or units with the ability to provide valuable clues can assist in recovering and provide compensation. Hacker address: 0xa1ac23be458e14ac0A0003dc1343d2ac575ea3b6. At least 20% of the funds will be used as compensation, depending on the level of contribution. So at least $3 million in compensation, anyone with the ability can give it a try.

Founder of Eureka Trading: $15 million stolen due to a private key leak last year, willing to provide compensation to those assisting in recovery

Introduction

On April 17th, Kuan Sun, founder of Eureka Trading, a crypto derivative trading company, announced that he was offering a reward of $3 million to anyone who could provide valuable clues that could help recover funds lost in a hack in June 2020. According to Sun, the company lost $15 million due to a private key leak, and despite having some preliminary IP and other information, he has been unable to identify the hacker.

What Happened?

In June 2020, Eureka Trading suffered a major hack that resulted in the loss of $15 million. The incident was caused by a private key leak, leaving the company unable to access its funds. Despite efforts to track down the hacker responsible for the theft, Eureka Trading has been unable to identify the individual or group responsible.

The Reward

In an effort to recover the missing funds and compensate for the loss suffered by the company, Kuan Sun has announced a reward of $3 million for anyone who is able to provide information that could lead to the location of the stolen funds or the identification of the hacker responsible.
Sun has stated that at least 20% of the recovered funds will be used as compensation, depending on the level of contribution from the individual or unit that provides the valuable clue. This means that if the full $15 million is recovered, at least $3 million will be paid out to those who helped to locate the funds or the hacker.

Why it Matters

The hack suffered by Eureka Trading highlights the risks associated with crypto trading and the importance of maintaining proper security measures to protect private keys and other sensitive information. The $15 million loss represents a significant blow to a relatively small company and has raised questions about the security of crypto trading platforms in general.
By offering a reward for information that could help recover the stolen funds or identify the hacker responsible, Kuan Sun is taking a proactive approach to addressing the situation and encouraging others to come forward with any relevant information.

Conclusion

The $15 million hack suffered by Eureka Trading highlights the risks and challenges associated with crypto trading and the importance of maintaining proper security measures to protect private keys and other sensitive information. The decision by Kuan Sun to offer a reward for information that could help recover the stolen funds or identify the hacker responsible is a bold move that demonstrates the company’s commitment to resolving the issue and compensating those affected by the incident.

FAQs

1. How did the hack occur?
– The hack was caused by a private key leak, leaving Eureka Trading unable to access its funds.
2. How much compensation is being offered?
– Kuan Sun has announced a reward of $3 million for anyone who provides valuable clues that could help recover the stolen funds or identify the hacker responsible.
3. Is there any information about the identity of the hacker?
– Despite having some preliminary IP and other information, Eureka Trading has been unable to determine the identity of the hacker responsible.

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