ChainCatcher report: Cysic has proposed a settlement to the attacker who unauthorizedly minted 10 million CYS tokens, demanding that the attacker return 275.872 ETH to a designated address by the Cysic Foundation within 72 hours of the on-chain announcement—approximately 90% of the confirmed ETH proceeds. In exchange, the attacker may retain the remaining approximately 30.652 ETH as a bug bounty. Cysic stated that it has restored the critical components of the attack and preserved all relevant technical and on-chain evidence; if the funds are not returned within the deadline, the project team will escalate the response and involve law enforcement to pursue a full criminal investigation.
Cysic Offers a 10% White Hat Bounty to the Hacker, Demanding Return of Stolen ETH Within 72 Hours
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Summary
Cysic has offered a 10% white-hat bounty to a hacker who minted 10 million CYS tokens. The project is demanding the return of 275.872 ETH—90% of the confirmed ETH gains—to the Cysic Foundation within 72 hours. In exchange, the attacker may retain 30.652 ETH as a reward. Cysic has documented the attack steps and preserved on-chain evidence. Failure to comply may result in a criminal investigation. With ETH prices under pressure, altcoins such as CYS are facing renewed scrutiny.
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