- Curve Finance Recovers 73% of Stolen Funds – Curve Finance recouped 73% of stolen funds from various parties with the help of white hat hackers.
- Voluntary Return – Voluntary return initiated by Jpegd frontrunner yielded $11.5 million, equating to 90% of the originally stolen funds or 5,495.4 WETH.
- $18 Million Remains Unaccounted For– Despite a deadline that elapsed without the recovery of $18 million, Curve maintains that it won’t pursue the matter further if the hacker returns the remaining funds in full.
Curve Finance Recovers 73% of Stolen Funds
Curve Finance recouped 73% of stolen funds in the recent exploit from various parties with the help of white hat hackers. Alchemix’s Operation White Hat recovered a further $13 million and an ethical hacker going by the pseudonym “c0ffeebabe.eth” was able to retrieve $7 million of the stolen funds, $1.6 million in synthetic protocol Metronome, and $5.3 million in Curve trading pool.
Voluntary Return Yields Majority Of Funds
In order to encourage voluntary return, Curve gave a grace period for until August 6th for 90% of the stolen funds to be returned; however, this deadline expired with more than $18 million unaccounted for. While it’s uncertain whether voluntary returns will keep coming in, Curve has stated that they won’t pursue any legal action if all remaining money is returned.
Protect Yourself From Hacks And Scams
Crypto users have been reminded to stay safe from hacks and scams with resources like „As Another Token Bridge Gets Hacked, How Can Crypto Users Protect Themselves?“ which provides tips on how to protect yourself from such malicious activities online.
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