BTCPay Server Offers 3 BTC Bounty for Stolen Funds Recovery

Two cryptocurrency companies, BTCPay Server and Coinsbuy, are offering significant rewards for information leading to the recovery of funds lost in recent security breaches. BTCPay Server announced it is offering a bounty of up to 3 Bitcoin, which represents 10% of any recovered assets, for details that result in the return of funds stolen in a recent wallet exploit. The company is also prioritizing the implementation of security patches in the wake of this incident.

Coinsbuy confirmed a security incident occurred on August 9, during which unauthorized withdrawals led to the loss of over $7.9 million from platform wallets. The crypto payments platform stated that all client funds have been covered by its own reserves and that its services have been fully restored. To aid in the recovery of the stolen assets and the identification of those responsible, Coinsbuy is offering a $100,000 reward.

In a separate development within the cryptocurrency infrastructure space, Blockstream has launched a new feature called Blockstream Swaps. This new offering is designed to enable trustless exchanges between Bitcoin's main network and the Lightning Network, a Layer 2 scaling solution. The introduction of Blockstream Swaps comes after the suspension of the Boltz service, which was reportedly targeted by AI-assisted attacks, and aims to provide users with a secure alternative for conducting these types of transactions.