Curve Opens $1.85 Million Bounty to Name Hacker
Curve Finance, the decentralized finance platform that misplaced extra than $60 million in an exploit closing week, supplied the anonymous exploiter 10% of the stolen funds in alternate for a voluntary return of the comfort.
Other protocols plagued by the exploit joined Curve in its offer, including lending protocol Alchemix and NFT lending protocol JPEG’d. The hacker partly obliged and returned $13.6 million value of stolen crypto to Alchemix and $11.4 million value of stolen crypto to JPEG’d.
We are extremely blissful to enlighten that each one funds stolen by the hacker of the Alchemix @CurveFinance pool catch now been returned.
Fat publish mortem coming.
— Alchemix (@AlchemixFi) August 5, 2023
The JPEG'd DAO confirms receipt of 5,494.4 WETH lend a hand to the JPEG'd Multisig for a complete of 5,495.4 WETH. A 10% white-hat bounty of 610.6 WETH used to be awarded to the owner of the address that recovered funds from the pETH exploit.https://t.co/nIBwHHxfQU
— JPEG'd (@JPEGd_69) August 4, 2023
“I’m refunding not attributable to you might perchance receive me, it’s attributable to I don’t should always damage your mission,” wrote the hacker in an on-chain message.
Nonetheless, the hacker made no such transfer lend a hand to Curve, prompting the protocol to open the bounty it supplied to the hacker to the public, offering $1.85 million as a reward to anybody who can identify the exploiter in a skill that might perchance lead to his or her conviction in a court docket of regulations.
The closing date for the CRV/ETH exploiter passeshttps://t.co/VphQ0bfYr2 pic.twitter.com/x8LP9Tx4rs
— Curve Finance (@CurveFinance) August 6, 2023
The closing date for the hacker to return funds handed at 8:00 UTC. Clean, if the hacker catch been to return the funds in fat, Curve acknowledged it will not pursue the matter additional.
Without a response from the hacker correct but, blockchain sleuths are on the value to sign the exploiter’s pockets movements.
Source credit : unchainedcrypto.com