Tapioca offers $1M to ‘social engineering’ attacker who stole $4.7M
Tapioca DAO has reported a loss of $4.7 million due to a social engineering attack and is now offering a $1 million bounty to the attacker in exchange for the recovery of the stolen funds. According to their announcement on October 20, the bounty is significantly higher than the typical 10% recovery offer in such cases. The attacker stole 591 Ether and $2.8 million in USD Coin by exploiting the vesting contract for the Tapioca DAO Token (TAP) and the USDO stablecoin. Tapioca’s co-founder revealed that the attacker gained access by installing malicious software during an interview process. Despite the setback, Tapioca claimed to have successfully reclaimed 1,000 ETH worth over $2.7 million, which they stated provided collateral for the USDO stablecoin
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