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Web3Bounty.io Offers $50M Reward for TUSD Reserve Recovery

Coin WorldWednesday, May 7, 2025 9:21 am ET

1min read

Web3Bounty.io has recently introduced a novel bounty program designed to gather crucial information regarding the misappropriation of approximately $456 million in reserves from the TrueUSD (TUSD) stablecoin. This initiative includes a $50 million bounty pool, intended to reward individuals who provide actionable and original clues that can aid in the recovery of the misappropriated assets. The program aims to ensure judicial fairness and protect the interests of thousands of TUSD holders affected by this unprecedented default event.

The Web3Bounty.io platform allows whistleblowers, insiders, and investigators to submit their findings. Any verified original clues that significantly contribute to the recovery of the assets will be eligible for a reward from the $50 million bounty pool, which is approximately 10% of the lost assets. The platform will offer real-time updates on the progress of the recovery efforts. All submitted clues will undergo independent validation, and the distribution of the bounty will be determined by the project's operators.

This move by Web3Bounty.io underscores the growing importance of community-driven efforts in addressing financial misconduct within the cryptocurrency space. By incentivizing individuals to come forward with information, the platform aims to expedite the recovery process and hold those responsible accountable. The establishment of a substantial bounty pool demonstrates a commitment to transparency and justice, providing a tangible reward for those who contribute to resolving this significant financial issue.

The launch of this bounty program is a proactive step towards mitigating the impact of the TUSD fund misappropriation. It highlights the potential of decentralized platforms in addressing complex financial challenges and ensuring that the rights of affected parties are upheld. As the cryptocurrency industry continues to evolve, such initiatives may become more common, reflecting a broader trend towards community involvement and accountability in financial matters.

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