Finance DeFi Protocol loses $750,000 due to exploit.

The decentralized finance (DeFi) protocol Sturdy Finance has been hacked. However, the team has stated that they will not take further action against the hackers if the stolen funds are returned. Sturdy Finance founder Sam Forman announced on Twitter that his team is offering a $100,000 reward for the return of all the funds to the protocol.

The team warned the hacker that it is not as easy to escape from exploits as it used to be. The hackers are welcome to contact the team to discuss the matter further.

Blockchain security firm PeckShield alerted the community about the exploit on Monday, stating that it appears to be related to price manipulation.

The exploit resulted in a loss of almost $800,000 worth of cryptocurrency (442 ETH). The protocol paused its markets and assured community members that additional funds are safe.

Previous events have shown mixed results when it comes to offering bounties. Some hackers have agreed to deals, while others keep the stolen funds for themselves. In March, the people behind an exploit of the Euler Finance protocol returned $100 million worth of cryptocurrency after negotiating a deal with the team. However, the people behind a $7.5 million exploit in May of the Arbitrum-based Jimbos Protocol have yet to return anything, despite Jimbos Protocol offering to make a deal.