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Cryptocurrency News Articles
A New Bounty Program Has Been Launched on the Online Platform Web3Bounty.io
May 06, 2025 at 03:34 pm
A new bounty program has been launched on the online platform Web3Bounty.io (https://www.web3bounty.io/) to help find leads and information about the misappropriation of around $456 million of TrueUSD (TUSD) stablecoin reserves.
This effort is focused on securing justice and protecting the victims of this unprecedented breach, including thousands of public TUSD token holders.
The case, which has already been reported by major media outlets such as Bloomberg, involves Hong Kong licensed trust companies and a network of intermediaries believed to have exploited regulatory loopholes to facilitate the misappropriation of over half a billion USD in client assets held under escrow by licensed trust companies.
In response, a bounty program has been launched on Web3Bounty.io with support from stakeholders across the Web3 ecosystem to bring transparency and accountability.
Through Web3Bounty.io, whistleblowers, insiders, and investigators are invited to submit original verified leads that contribute meaningfully and directly to the identification and recovery of the misappropriated assets.
Those providing valuable information may be eligible for bounties from the $50 million reward pool — equivalent to about 10% of the lost assets. The platform will provide real-time major updates on recovery progress. All submissions will be subject to independent verification before rewards are issued in the bounty program operator’s sole discretion.
The case has drawn widespread attention in the blockchain industry due to the scale of the losses and the number of affected parties. With this initiative, Web3Bounty.io aims to empower the broader community to assist in uncovering misconduct and reinforce the integrity of digital asset custodianship.
About Web3bounty.io
Web3Bounty.io is an online platform where crypto-related bounty programs are launched and hosted. Follow us on X @web3bountyio
Media Contact: Sam Zhang [email protected]
Mentioned in this article
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