Curve attacker begins to return stolen funds after bounty issued | Headlines | News | CoinMarketCap
08/05/2023 06:11
The attacker who targeted Curve Finance, a decentralized finance (DeFi) protocol, has begun returning some of the stolen funds. The attacker sent …
The attacker who targeted Curve Finance, a decentralized finance (DeFi) protocol, has begun returning some of the stolen funds. The attacker sent 4,821 Ethereum (ETH), worth approximately $9 million, in a series of transactions to Alchemix Finance, one of the victims.
Earlier today, the attacker had sent an on-chain message to Alchemix, asking the protocol to confirm its address before the funds were sent. The attacker further explained that he returned funds because he did not want to ruin the projects.
Following the news, Curve’s CRV token saw a price rally of nearly 6%, reaching $0.61640. This was prompted by speculations within the community that the attacker might return more of the stolen funds to the protocol.
On July 30, several DeFi projects suffered a reentrancy attack …