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Hong Kong, Could 6, 2025 – A brand new bounty program has been launched on the net platform Web3Bounty.io, which goals at discovering leads and details about the roughly $456 million of the TrueUSD (TUSD) stablecoin reserves being misappropriated. There’s a $50 million bounty pool out there for many who present credible unique info resulting in the identification and restoration of the property. This effort is concentrated on securing justice and defending the victims of this unprecedented breach, together with hundreds of public TUSD token holders.
The case includes Hong Kong licensed belief corporations and a community of intermediaries believed to have exploited regulatory loopholes to facilitate the misappropriation of over half a billion USD in consumer property held underneath escrow by licensed belief corporations. In response, a bounty program has been launched on Web3Bounty.io to carry transparency and accountability to this unprecedented breach, with assist from stakeholders throughout the Web3 ecosystem.
Via Web3Bounty.io, whistleblowers, insiders, and investigators can submit actionable info. Unique verified leads that contribute meaningfully and on to the restoration effort could also be eligible for bounties from the $50 million reward pool — equal to round 10% of the misplaced property. The platform will present real-time main updates on restoration progress, with all submissions being topic to impartial verification earlier than rewards are issued within the bounty program operator’s sole discretion. Justin Solar, Founding father of TRON, additionally got here onto X to congratulate the launch of Web3Bounty.io, mentioning the significance of monitoring Web3 scams and enhancing transparency.
The case has drawn widespread consideration within the blockchain business because of the scale of the losses and the variety of affected events. Web3Bounty.io seeks to empower the broader neighborhood to help in uncovering misconduct and reinforce the integrity of digital asset custodianship.
For extra info or to submit a lead, please go to www.web3bounty.io.
Disclaimer:
Participation within the bounty program is solely voluntary and on the participant’s personal threat. All individuals should adjust to relevant legal guidelines, in addition to particular phrases and circumstances and insurance policies of the bounty program. Nothing on this press launch or on the net platform constitutes authorized recommendation, nor ought to it’s interpreted as creating any partnership, three way partnership or employment relationship between the bounty program operator or individuals.
About Web3bounty.io
Web3Bounty.io is an internet platform the place crypto-related bounty applications are launched, designed to incentivize truth-telling and speed up restoration of stolen funds via decentralized justice.
Observe us on X @web3bountyio
Media Contact:
Sam Zhang
[email protected]
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