The cryptocurrency world is on high alert as hackers continue to target decentralized finance (DeFi) protocols. UwU Lend, a DeFi protocol, has suffered two significant exploits, resulting in a total theft of $24 million. In response, UwU Lend has announced a $5 million bounty in Ether (ETH) to anyone who can identify and locate the attacker.

The first attack on June 10 saw the hacker steal $20.3 million through a price manipulation exploit. Despite UwU Lend's request for the hacker to return 80% of the stolen funds, the attacker launched another exploit on June 13, stealing an additional $3.7 million. Blockchain security firm Cyvers identified the same hacker executed both attacks using the wallet address "0x841…21f47."

UwU Lend has reimbursed victims from the first exploit, with over $9.7 million already repaid. The protocol has also offered a $5 million bounty to anyone who can provide information leading to the identification and location of the attacker. This move demonstrates UwU Lend's commitment to securing its platform and protecting its users.

The crypto industry has seen a surge in hacking incidents, with approximately $473.22 million in losses from 108 incidents in May 2024, according to Immunefi. North Korean hackers have also been targeting cryptocurrency exchanges, fintech companies, and individuals in Brazil, using malicious software disguised as a crypto price tracker.

In this high-stakes game of cat and mouse, UwU Lend's bounty offer is a bold move to outsmart the attacker and ensure the security of its platform. As the crypto industry continues to evolve, it's clear that the war against hackers will only intensify. Who will come out on top? Only time will tell.