Unfortunately, even though most users know about the above line, they [e.g., traders] still prefer to go with the convenient route of keeping their funds in exchanges to save on fees while immediately executing trades.
Traders usually get a pass. There is not enough liquidity in decentralized options and the fees will be very high if they withdraw after every session and deposit the next time. But there are regular holders who treat these exchanges as an easy wallet to keep their funds safe for them putting themselves in a lot of risk.
Same here... In their bounty program, there's even a mention of an additional 10% to 30% in rewards if everything is recovered, so they might pay up to roughly $10.5M in rewards.
I can understand the request to track the hackers and try to identify them if they send it to a platform that requests for KYC, but no one can really help them recover the funds. They will need authorities to catch the attackers and seize whatever they can find on them.
- Jay -