Tron tries to renege on promise of $1-million bounty stemming from Twitter hack

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Posted on: July 28, 2020 6:06 am EDT

The cryptocurrency project led by Justin Sun doesn’t want to make good on its CEO’s promise

In a cryptocurrency-related Twitter hack that took place almost two weeks ago, several important accounts of celebrities and major companies were breached to display a message asking followers to send Bitcoin to a given address. Among the many reactions from affected users, the cryptocurrency company Tron offered a $1-million bounty to the person or organization that could give solid information that could help identify the perpetrators of the hack, although, for some reason, the company seems to have forgotten the offer.

A few days ago, an anonymous source reached Cointelegraph asking for help to get in touch with Tron regarding the promised bounty, which the site did after reviewing the evidence presented by this source, deeming it solid. However, Cointelegraph reported that it was surprised to see how representatives made every excuse to recognize the validity of the information presented by this source. The Twitter hacks involved the breach of accounts belonging to names like Joe Biden, Kayne West, and Bill Gates, as well as companies like Apple. Then the accounts posted a message that asked for Bitcoin to be sent to an address and, in return, people would get double what they sent. several users ended up sending money to this scam that obviously had no intention of returning any funds.

Tron’s $1 million offer for information might sound illogical, given that the total money collected by the scammers was around 13 BTC or $125,000; however, several main accounts of former presidents and major companies were compromised in the process. Tron was not directly affected but it did show a lot of interest in finding the responsible. However, that changed quickly, and Tron was giving the source the runaround, even though Cointelegraph helped the source with a stamp of approval. However, Tron refused to review any new information. The final excuse was that, since the FBI was conducting an investigation, they stopped receiving information. In the end, it seemed more like an effort to get some attention rather than to actually get information.