Duelbits has traced the flow of stolen funds and identified suspected individuals, along with related wallets, exchanges, and accounts, according to an on-chain message monitored by Defimon Alerts. According to Foresight News, the company proposed a bounty settlement that would allow the other party to keep an agreed percentage of the funds and return the remainder.

Under the proposed arrangement, Duelbits said it would not pursue criminal charges or take further legal action if a formal agreement is signed and repayment is completed. Foresight News previously reported that on September 24, Duelbits' hot wallet suffered a private key leak and lost about $7 million.