Recently, Pike Finance, a decentralised finance (DeFi) protocol fell victim to an attack, resulting in the loss of digital assets nearly worth $1.6 million.

In response to this breach, Pike Finance has publically announced a reward, offering 20% of the stolen funds to anyone who can facilitate their return.

This move is a part of their broader strategy to manage the crisis and recover the lost assets while they carry out a detailed investigation into how the attack occurred.

The incident has raised concerns within the DeFi community about the security measures in place to safeguard digital assets against such vulnerabilities.