press Jul 25, 2022 · Wall Street Journal
Crypto Firms Make Thieving Hackers an Offer: Keep a Little, Give Back the Rest
A Wall Street Journal article from July 2022 examines the practice of cryptocurrency firms negotiating directly with hackers following thefts, offering them financial incentives to return most of the stolen funds. Casey Ellis is cited on the rationale behind such negotiations and their implications for security practices in the crypto industry.
Source description — as published
Reports on the growing trend of cryptocurrency firms negotiating with hackers after a theft, offering them a "bounty" to return the majority of the stolen funds.