Slope Wallet was used this week to steal $5 million and offered the thief a 10% bounty. If the funds are not returned within 48 hours, it promised to stop any legal action.
Slope Wallet, the Solana-based wallet platform, was exploited earlier in the week for approximately $5 million. has declared that it will pay a 10% reward (worth approximately $450,000) if an attacker returns the stolen funds.
The Slope team posted a Tweet Friday afternoon and appealed for the thief to post a Solana address.
The attacker was given a window of 48 hours by the team to return the funds and claim the bounty. The team stated that they have been working closely with law enforcement and TRM Labs, a top blockchain intelligence company, to recover the stolen funds.
An attacker accessed user-seed phrases stored on plaintext on Slope’s central server. He then used them to steal cryptocurrency. This exploit was able to affect thousands of users.
Slope Wallet was hacked shortly after another major hack on crypto, the Nomad Bridge which cost $190 million ($22.4 million) at the time.