Bitcoin Forum

Justin Sun, founder of cryptocurrency Tron, revealed in an interview he will give $1 million to anyone who can identify the names behind the persons who hacked Twitter earlier Wednesday, July 15. Sun’s and Tron’s Twitter accounts were also compromised during the incident.

According to Cointelegraph, Sun said they were working closely with the social networking platform to resolve the issue. He also affirmed they were very vigilant in handling their accounts. Finally, Sun said the attack highlighted the need for decentralization and adoption of trustless software and services.

Sun’s Twitter account appeared to not have said a statement regarding the hack. However, the Twitter account of Bittorrent, his other company, requested followers to remain vigilant while the hack was ongoing.

The security breach at Twitter was the largest at the moment as hackers were able to take control of dozens of accounts, not only crypto companies, but also verified accounts of tech figures like Elon Musk and politicians like Barack Obama and Joe Biden.

All the compromised accounts were tweeting about a scam giveaway. It appears the scammers managed to rake in $118,567 in today’s Bitcoin prices.

Early investigation inside Twitter revealed the hack was a coordinated social engineering attack; hackers were able to successfully target Twitter employees with access to internal systems and tools.

This incident is corroborated by Vice Motherboard, whose sources revealed the hackers paid a Twitter insider to gain access to the company’s internal tool.

“We used a rep that literally done all the work for us,” the source told the publication. Screenshots of the internal tool were being deleted immediately by Twitter when someone posted them. Twitter claimed the image violates their TOS.

Twitter said they immediately locked down the affected account and limited the functionality of all verified accounts the moment they became aware of the incident. The social media platform added it took significant steps to limit access to its internal systems.

Senator Josh Hawley of Missouri wrote a letter to Twitter CEO and co-founder Jack Dorsey requesting for more information on the extent of the breach and whether or not President Donald Trump’s account was compromised. In a separate tweet, Dorsey said they will release more information once they find out more details on how the attack happened.

https://www.ibtimes.com/trons-justin-sun-offers-1-million-bounty-twitter-hackers-3012178

SEC Issues $3.8 Million Whistleblower Award

FOR IMMEDIATE RELEASE
2020-155

Washington D.C., July 14, 2020 —

The Securities and Exchange Commission today announced a $3.8 million award to a whistleblower who provided significant information that helped the SEC disrupt an ongoing fraudulent scheme.  The resulting enforcement action returned millions of dollars to harmed investors.

“Today’s award underscores the paramount role the SEC’s whistleblower program plays in safeguarding the Main Street investor.  Since the beginning of the program nearly ten years ago, the SEC has ordered more than $2.5 billion in financial remedies based on whistleblower information, including more than $1.4 billion in disgorgement and prejudgment interest, of which almost $750 million has been returned or is scheduled to be returned to harmed investors,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower.

The SEC has awarded approximately $505 million to 87 individuals since issuing its first award in 2012.  This includes awards to 20 individuals in the last 10 months, totaling almost $119 million.  All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators.  No money has been taken or withheld from harmed investors to pay whistleblower awards.  Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action.  Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.

As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose information that could reveal a whistleblower’s identity.

For more information about the whistleblower program and how to report a tip, visit SEC.gov/whistleblower.

https://www.sec.gov/news/press-release/2020-155

$750 million has been returned or is scheduled to be returned to harmed investors,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower.

Paying $1 million bounty for a social media account hack sounds desperate to me.

Justin Sun is still making his publicity stunts.

Plus there's a risk that Justin Sun won't uphold his word.

Paying $1 million bounty for a social media account hack sounds desperate to me. It could be just another publicity stunt.

Paying $1 million bounty for a social media account hack sounds desperate to me. It could be just another publicity stunt but it's also possible he must have done some (shady) deals thru twitter PM's and he's afraid hackers will reveal it soon. It would be interesting if the case is the latter.

Finally normal rewards for bounty

This move by him has a double purpose in my opinion.

This is beneficial for those who will participate in the bounty as they can get a reward if they "CAN" give the list of hackers that hacked multiple popular people's twitter accounts in a single day and at the same time, beneficial for him as he will gain more publicity and this will lead him to more publicity with his shitcoin TRX and other coins.

Well, just good luck to this bounty and I hope that this will be a successful one. That they can trace those hackers who hack his account.

Well, just good luck to this bounty and I hope that this will be a successful one. That they can trace those hackers who hack his account.

Paying $1 million bounty for a social media account hack sounds desperate to me.

It could be just another publicity stunt but it's also possible he must have done some (shady) deals thru twitter PM's and he's afraid hackers will reveal it soon. It would be interesting if the case is the latter.

Paying $1 million bounty for a social media account hack sounds desperate to me. It could be just another publicity stunt but it's also possible he must have done some (shady) deals thru twitter PM's and he's afraid hackers will reveal it soon. It would be interesting if the case is the latter.

Justin Sun is still making his publicity stunts. And with this bounty being much bigger than the sum that was stolen, perhaps he is thinking that no one will come to claim it? After all, if there were multiple hackers, only one of them can snitch on the others to claim the bounty, and then it might still mean jail time for them. Plus there's a risk that Justin Sun won't uphold his word.

But I wonder if some chainanalysis company will somehow manage to track down the hackers, would Justin pay the bounty to them?

Another Justin Sun classic. He must have neen the apprentice of McAfee since this is also the way McAfee started before being one of the most hated personality in the crypto scene. Whilr I do not have any problems with Justin doing Justin things, I feel like he should leave these legal matters to the authorities. We get it, the dude has money, but it's obnoxious that he's offering it in exchange of the dox of the hackers before turning them over to the authorities.

Regarding Justin, I agree that this is classic move from him, he really knows when to ride on a hype and make a noise about it. For me this is nothing but just publicity stunt, he has a history of doing this and the timing about his supposedly TRON 4.0 released is perfect.

If I were in his shoes, I would rather spend $1 million for charity purposes during this pandemic. In that way, I would respect him even more despite meeting him a few times in person last year in Hongkong and Taiwan.

More people will respect his decision if he donates his money for charity purposes, especially we are still in the Covid-19. He will get more appreciation from the public, and he can also introduce about bitcoin because many people will know and search about him. When people see that he is one of many people behind the crypto world, people will gain enthusiasm to search for more info, and who knows, he can be a trendsetter in the crypto world. We don't know what his reason to do that because I think it is hard to reveal the hackers.

Finally normal rewards for bounty

We can’t tell what his intentions are for offering such an amount of bounty, and I hope that he fulfills it if someone should come up with a very information that will lead to apprehending those hackers. Just like someone said here, if a chain analysis company should trace those hackers and come up with reasonable information, is he really going to give that money to them? He better do.

Furthermore, these hackers deserves to pay for their crimes, because it’s becoming something else that’s trying to lay a bad name for cryptocurrency. They need to be disciplined and set as an example for those that will try to thread that same part.

First thing that comes to my mind after reading it is: Justin must be really loaded from all those victims or as they call them "investors" if he's able to buy a dinner with Waren and later throw away a million dollars just like that. If you guys own Tron you should be asking when exit.


All those beggars from the altcoin section are now looking for those hackers.

Seeing the character of Justin Sun who likes to make publicity stunts, I'm not sure about the bounty for Twitter hackers that he said.
If it turns out there is a successful claims reward, there is no guarantee Justin Sun will pay $ 1 Million. Because the $ 1 Million
reward amount is too large, it looks unrealistic. ;D

I feel like this is a bait for the hackers to come to the light. If they try to claim that bounty then people will know who they are, and they will not be able to just walk away as nothing happens after what they did.

The Bounty is som serious money, but the hackers are not that stupid to sho their faces now.

It is exactly what is happening, he does know how to market himself even when the chips are down and he is the only person among prominent people who lost their account during this hack and Justin is the only person who came out with a million dollar bounty ;D. I would really like to see these hackers getting caught and i want to see whether Justin Sun is going to follow up with his offer and pay the million dollars :D. Slick marketing at its best and thereby promoting his coin along with it.

Seeing the character of Justin Sun who likes to make publicity stunts, I'm not sure about the bounty for Twitter hackers that he said.
If it turns out there is a successful claims reward, there is no guarantee Justin Sun will pay $ 1 Million. Because the $ 1 Million
reward amount is too large, it looks unrealistic. ;D

I'd like to see those hackers to be responsible with the trouble that they've done. And this is another case that Justin Sun has brought up to his attention which can be another highlight for him. Well, I'll think positively for those hunters that will catch the hackers and hopefully the bounty will be distributed to them.

But as we know the moves of Justin, it's always for the show and attention.

Making such move to generate attention, a common attitude by this developer
riding with the trend while it's still hot.
Though it's also a good sign in case there are hunters that will take into action
and track those hackers.
Once there's a good result, the hackers needs to answer implemented laws and
be punished.
While in the good side, the rewards should be distributed in case the hackers has
been caught both rewards and punishments should also be broadcasted

I really like justin and his projects but pulling up $1m bounty to get twitter hackers seems like publicity stunts to me but then again, history shows justin is always against hack activities as he once tried to offer cz_binance some funds to increase liquidity during binance hack which cz delimed. So it might be just in his nature to always advocates againt fraud

What exactly his doing now is to promote himself again. Hes making his name to look more attractive and that bounty offering will surely catch attention publicly. I really appreciate what he does but it turns me off if this is the only way to get attention. The authorities are tracking whos behind this hacking scenario, may Justin will give it to them once they know.

Yup, the bounty is real and the bounty is Big. So with just those few words I'm almost certain that the hacker will be caught and brought before light. Nobody would pass on such a generous bounty. I expect there'll be many false claims just to acquire the money but then that in itself is another issue altogether.

But the problem is, there is someone who can locate or find out who the person/persons or even organization that hacked twitter accounts of those big names. For sure they are really intelligent and skillful ones so they leave no trace which means that it will be a hard for those people who wants to find out behind these twitter attacks.

As much as I respect Justin Sun even if a lot hates him, I honestly think that spending $1 million to reveal the hackers isn’t just right, especially in this crisis. If I were in his shoes, I would rather spend $1 million for charity purposes during this pandemic.

But $1 Million Bounty isn't a joke either. For this money some good professionals may think of involving themselves in the game. I wouldn't be surprised if a member of the hacker team handed over his fellows for this amount. :) That's how it works with police bounties anyway.

Kudos to Justin Sun, This is indeed a way to tell the whole world that the crypto community dosen't promote and support frauds since a lot of people have the perceived idea that bitcoin is majorly used for illegal transactions. With a bounty of $1m, I'm sure more than enough people will be willing to rat out the hackers! More wisdom to justin sun

How much does this twitter hackers stole? Or I should say, received from people seeking for quick and easy money.
I’ve heard that around $200k. It doesnt matter, anyway they got less than $1m. Hacker could surrender to Sun. get $1m, but lose these “around $200k”, share how he hacked and possibly  get a position of one of security engineers.

https://i.kym-cdn.com/entries/icons/original/000/022/138/highresrollsafe.jpg

Guys, I know there's a facade in this thread of Justin Sun just doing this for publicity and all that, but think about it, who wouldn't relish at the thought of earning a million dollars just by tracking someone down? Most likely it's going to be split among a group of people because cases like these require a team effort.

just a matter of time when will these hackers be exposed. and knowing, justin sun - maybe another stunt to promote himself and his project and again attract media attention. wonder if he will really do give that reward if someone will trace these hackers, if they ever will??? if you are a true blooded  hacker, you should know how to cover your tracks. if not i dont think you can be called a hacker!

How much does this twitter hackers stole? Or I should say, received from people seeking for quick and easy money.
I’ve heard that around $200k. It doesnt matter, anyway they got less than $1m. Hacker could surrender to Sun. get $1m, but lose these “around $200k”, share how he hacked and possibly  get a position of one of security engineers.

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Incidentally, offering bounties in exchange for information on criminal activities is the same policy the SEC (Securities Exchange Commission) uses.

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The SEC claims $750 million dollars was returned to harmed investors by their whistleblower bounty program since 2012.


Here's to hoping Justin Sun's bounty program is as successful.