Infini demands the return of 49.5 million USD stolen before 20:00 on August 13 (Vietnam time).
The Infini project team commits to retain the entire profit as a white hat reward if the money is returned on time. They will not pursue legal action further and will issue a leniency document in that case.
MAIN CONTENT
Infini demands the return of 49.5 million USD before the deadline of 20:00 on August 13 (Vietnam time).
The Infini team retains the profit as a white hat reward if the money is returned on time.
The project side commits not to litigate and will issue a leniency statement if the funds are returned.
What has Infini demanded regarding the stolen amount?
Infini has officially announced the demand for the return of 49.5 million USD stolen before 20:00 on August 13 according to Vietnam time. This is the final deadline set by the team on-chain to compel the perpetrator to return this amount.
This demonstrates the responsibility to protect the project's assets while creating technical and legal pressure on the perpetrator. This is also a pioneering step in coordinating between blockchain and legal action.
What benefits are there for the one returning the money on time?
According to information from Infini, the profit obtained from returning the stolen amount of 49.5 million USD will be considered a white hat reward. This is a form of recognition for the goodwill response aimed at helping to resolve the cybersecurity incident.
The development team also emphasized that if the money is returned on time, they will not continue to litigate or pursue further but will instead issue a leniency document to respect the cooperation.
Infini stated: “We retain the entire profit as a white hat reward to acknowledge the timely return of funds by a third party.”
Representative of the Infini project, on-chain announcement on August 11, 2024
Why did Infini choose this method of handling?
This option helps minimize legal delays in handling cases related to cryptocurrency and Blockchain. Infini leverages the transparent mechanism of the chain to put pressure on the perpetrator as well as demonstrate goodwill for reconciliation.
This is also a way to protect the user community and the project's reputation in the context of increasing cybersecurity risks in the cryptocurrency industry.
Frequently Asked Questions
How much has Infini demanded to be returned for the stolen amount?
The Infini team demands the full return of 49.5 million USD stolen before August 13, 2024, according to Vietnam time.
Who is the white hat reward for in this case?
The reward for the party returning the money on time will be retained as legitimate profit from the act of returning.
What will Infini do if the money is not returned on time?
The information currently only confirms that Infini asserts tolerance if the money is returned on time; the next steps have not been announced.
Why is there a leniency document in the case of returning the money?
The leniency document aims to acknowledge the goodwill of cooperation, avoid legal disputes to promote quick and effective resolution.
Source: https://tintucbitcoin.com/infini-duoc-mien-truy-cuu-phap-ly/
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