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Tender.fi and the Positive Side of Rewarding Hackers

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On March 8, according to the data on the chain, the hackers who attacked Tender.fi, the Arbitrum eco-lending agreement, have returned their funds, and the Tende

Tender.fi and the Positive Side of Rewarding Hackers

On March 8, according to the data on the chain, the hackers who attacked Tender.fi, the Arbitrum eco-lending agreement, have returned their funds, and the Tender.fi team agreed to pay 62 ETH (US $96500) to the hackers as a reward. The official team said that the post-event review was in progress.

The Tender.fi hacker has returned the funds and obtained 62 ETH reward

Analysis based on this information:


Tender.fi, an Ethereum-based crypto-lending agreement, was attacked by hackers recently. The team confirmed the attack in a tweet and worked to quickly mitigate the situation. On March 8, the team took a stand that was not expected in the crypto community – they paid 62 ETH (US $96,500) as a reward to the hackers who launched the attack.

This act by Tender.fi’s team is not something that is heard of in the cybersecurity sector, where companies dread hack attacks and focus on strengthening their security systems to protect them. However, this move of rewarding the hackers who attacked the company is a new trend in the crypto industry. This stance is taken by companies not only to prevent the information breach but to appreciate the skill and expertise of hackers who can highlight the flaws in the system. This highlights a shift from trying to punish hackers to working with them to improve security.

The fact that the hackers returned the funds is a testament to how this approach could work. By being transparent and recognizing the value of the hacker’s skills, Tender.fi was able to restore trust and prevent leaks of any sensitive information. This is just one instance, but the move by Tender.fi’s team to pay a bounty for the hack and an ongoing post-event review highlights how positive change can come from collaboration.

There are, of course, risks involved in this approach. Some may argue that this could encourage hackers to attack systems for rewards. Despite these concerns, the move by Tender.fi is a refreshing one in the cybersecurity world and could prove to be a game-changer in improving security protocols.

To conclude, the hack on Tender.fi was an unfortunate event, but the way the company handled the aftermath is an example of how rewarding can be positive. This stance can help shift the industry towards a more cooperative, rather than a punitive approach, to reduce the risk and vulnerabilities of cyber-attacks in the crypto sector.

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