Sturdy Finance Reopens Market After $800K Exploit, Offers $100K Bounty

• Sturdy Finance, a DeFi protocol, recently experienced an exploit on its platform and subsequently paused its stablecoin market.
• The attack resulted in the loss of 442 Ether (ETH), worth around $800,000 at the time.
• The DeFi protocol offered a $100,000 bounty to anyone who could help bring an arrest or recover the funds.

Sturdy Finance Suffers Exploit

On June 12th, Sturdy Finance was hit by an exploit which allowed a hacker to take away 442 Ether (ETH) worth about $800,000. In response to this incident, the DeFi protocol immediately paused all markets out of an abundance of caution.

Bounty Offered for Arrest or Funds Recovery

In order to help retrieve the stolen funds or bring an arrest of the hacker, Sturdy Finance offered a bounty of $100,000. To ensure that no other funds were at risk during this process, they also disabled the bb-a-USD pool.

Stablecoin Market Reopens

Following their investigations and safety measures taken after the exploit incident, Sturdy Finance has now reopened its stablecoin market on June 16th. This enables users in this market to access their funds once again and continue using the platform as normal.

Collaboration with Security Experts and Law Enforcement

The DeFi protocol is currently working with security experts specializing in on-chain analysis in order to try and retrieve back some of their stolen funds. They are also collaborating with global law enforcement agencies in hopes of gathering more information about this attack.


Allowing users to access their funds again following recent malicious activity is a great step forward for Sturdy Finance and its customers. The team’s collaboration with security experts and law enforcement is expected to result in more progress related to recovering lost funds or identifying those responsible for it soon enough!