BC.GAME offers $500,000 bounty to track wallet tied to $4.3 million exploit

Betting platform BC.GAME has launched a $500,000 bounty for any information that could help it track a wallet allegedly holding funds stolen during a $4.3 million exploit of a third-party game on its platform.

The exploit came to light early Thursday after EyeOnChain, which monitors the activity of sophisticated investors on the blockchain, flagged unusual activity tied to the address.

The wallet received $1.7 million in USDC and quickly opened a high-leverage short position worth $31 million in ETH. As Ethereum’s price rose, the bet unraveled, triggering a series of liquidations that wiped out about $1.5 million.

The hunt for the wallet moved fast. A few hours after BC.GAME‘s announcement, well-known blockchain investigator ZachXBT reached out to submit a bounty claim, suggesting that he had collected key information.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Source: https://cryptobriefing.com/crypto-wallet-bounty-bcgame/