Ethereum-based Origin offers $1 million bounty on OUSD hacker

The hack of Ethereum-based Origin Protocol earlier this week resulted in  a, “loss of funds of around $7M,” according to Origin Protocol. The company decided to offer a reward of a million dollars to identify the hacker. “We are offering a bounty of $1,000,000 USD to anyone that supplies substantial information or evidence leading to the return of customer funds,” according to Origin Protocol’s update by co-founder Josh Fraser.

The update proceeded to discuss hackers explicitly, implying they are entitled to retain their share of money (around one million dollars) and escape legal prosecution if they return the $6 million or so that were part of public investors.

The update emphasized,

Remember that you are taking from those that have less. If you examine the wallet addresses that held OUSD, you will realize that many of our users are not degens or whales… Keep Origin’s funds, but don’t punish our users, many of whom were new to crypto.”

Massive flash loan attack occurred through a combination of both Tornado Cash and Renbtc to steal funds. Head of Business Operations and Strategy at Origin Kay Yoo pointed out the reason behind this update is not about company funds, but the customers’.

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Michigan Joins State Crypto Policy Wave With Bills on Mining, CBDCs and Retirement Funds

Michigan Joins State Crypto Policy Wave With Bills on Mining, CBDCs and Retirement Funds

Michigan lawmakers introduced four cryptocurrency bills on May 21, 2025, according to Cointelegraph. The legislative package addresses pension fund investments, central bank digital currency restrictions, Bitcoin mining at abandoned wells, and related tax policies. State Pension Fund Bitcoin Investment House Bill 4510, introduced by Representative Bill Schuette, would permit Michigan&

By Albert Morgan
97th Reason For National Bitcoin Reserve: Reliable On-Off Ramps Help Businesses Compete Internationally

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Government-backed cryptocurrency infrastructure fundamentally changes how businesses operate across borders. When nations establish formal partnerships with exchanges and payment processors, they create predictable conversion pathways between Bitcoin and local currencies. This infrastructure allows exporters to receive payments instantly from anywhere, while e-commerce platforms can accept global customers without traditional banking

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