Duelbits Offers Bounty Deal to Help Recover Stolen Funds
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Duelbits claims it has traced roughly $7M in stolen funds from a prior hot-wallet private key compromise and is offering a bounty-style settlement to suspected holders, including a partial-retention option in exchange for signed repayment and no further legal action. The update signals active incident response and potential fund recovery but has limited broader market relevance beyond marginally reinforcing ongoing security and counterparty-risk concerns in crypto.
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Duelbits says it has traced the on-chain movement of funds stolen in last month's hack and identified suspected parties along with related wallets, exchange links and account information.
According to an on-chain message cited by Defimon Alerts and reported by ME News on Oct. 8 (UTC+8), the company is proposing a bounty-style settlement. Under the offer, the counterparties may keep a pre-agreed portion of the funds if they return the rest. Duelbits said that, if a formal agreement is signed and repayment is completed, it will not pursue criminal charges or further legal action.
Foresight News previously reported that on Sept. 24, Duelbits' hot wallet lost about $7 million after a private key was compromised. (Source: Foresight News)
