On March 3, the founder of the stablecoin digital bank Infini, known as Christian, took a proactive step in response to a security breach involving a hacker. In a surprising turn of events, he initiated a transaction transferring 0.1 ETH directly to the hacker's address. The transaction message was not merely a notification of funds; it contained a crucial acknowledgment.
Christian recognized the hacker's skill in identifying vulnerabilities within Infini's protocol. Rather than resorting to immediate legal measures, he proposed an innovative white hat agreement. This unique arrangement presented an opportunity for the hacker to retain 20% of the stolen assets as a bounty—an incentive for collaboration.
In exchange, the hacker is expected to return the remaining portion of the assets back to either Christian's personal address or Infini's escrow wallet. By extending this offer, Christian aimed to foster trust and ensure the safety and security of Infini's platform for all its users. He included a reassuring guarantee that, should the hacker adhere to the agreement, no further legal action would be initiated against them.
This incident underscores the evolving landscape of cybersecurity in the financial technology sector, where communication and negotiation can sometimes yield better outcomes than punitive measures. Christian’s approach raises a significant question about how financial institutions handle security breaches and the balance between ethical implications and financial considerations in the world of cryptocurrencies..