Decentralized lending protocol UwU Lend has announced a $5 million bounty to identify and locate the exploiter responsible for a significant security breach.

Developers of UwU Lend are offering up to $5 million to anyone who can help identify and locate the hacker who exploited the protocol, resulting in over $23 million worth of crypto assets being stolen. This bounty follows the hacker’s failure to meet a deadline set by UwU Lend, which offered the return of 80% of the stolen funds in exchange for a 20% reward.

According to crypto investigator @CryptoEvgen, the hacker began moving the stolen assets through Tornado Cash, a mixing service that has been sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) for its role in laundering approximately $7 billion in crypto since 2019.

UwU Lend hacker deposited 500 #ETH to Tornado.

As of now, it is understood that the hacker has already laundered at least 500 ETH, valued at approximately $1.7 million at current market prices.

UwU Lend, which operates using the open-source AAVE v2 code, has been targeted by the same hacker in two separate attacks within three days. These incidents involved flash loan attacks that compromised multiple liquidity pools.

Founded by Michael Patryn, also known as Omar Dhanani or “0xSifu”—a co-founder of the now-defunct QuadrigaCX exchange—UwU Lend offers lending, borrowing, and staking services. The platform also distributes revenues through its native token, UwU.

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