Charles Hoskinson Offers $1 Million for Successful Hack of Cardano Crypto Wallet

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The founder of Cardano said that the Lace Paper Wallet cryptocurrency wallet created by his team is the safest tool for storing digital assets in the history of the crypto industry and offered a large reward to anyone who can prove the opposite.

Charles Hoskinson revealed that the Cardano wallet hacking contest is open until the end of 2024 — or until someone successfully completes the task of hacking the Lace Paper Wallet.

According to the rules, the first person to send their NFT to Input Output Global (IOG) will receive a reward of 1 million USDM. In order to qualify for the reward, participants are required to adhere to the rules, including passing the user identification (KYC) procedure and disclosing any vulnerabilities used exclusively by IOG. At the same time, applicants are prohibited from using social engineering tactics to hack the wallet.

Earlier, the creator of the Cardano blockchain said that the Bitcoin blockchain is not developing, so the Cardano network is quite capable of surpassing the Bitcoin network, and the ADA coin is capable of becoming the largest cryptocurrency.

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