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Curve Finance, a popular decentralized (DeFi) protocol, has recently announced that it was rewarding persons capable of identifying the exploiters behind the draining of over $61 million from the platform's stable pools on July 30. The huge bounty offer is open to every person who can pinpoint the individual behind the incident in such a way that would lead to definitive legal repercussions.
The Curve CRV-ETH exploiter is yet to return $19.7 million worth of cryptocurrency stolen during the reentrancy attacks on July 30. DeFi projects Alchemix Finance, JPEGd, and Metronome recovered a combined $48.1 million through asset returns from exploiters and white hat efforts.
Risk exposure of Aave to Curve declines materially as the condition of the protocol improves.
Curve founder sells CRV in OTC deals to repay his CRV loans, while Base plans to open mainnet to the public on August 9. Check out the top DeFi news in our weekly roundup!
The Curve bounty sits at 10% of the stolen funds, roughly $1.85 million, and was announced via an on-chain Ethereum message.
Curve Finance fell victim to a reentrancy bug exploit in late July. The incident not only rattled the DeFi community but also exposed the platform to significant risks.
Curve Finance is offering a bounty of $1.85 million to anyone who can assist in identifying the person responsible for exploiting their protocol, in a manner that could culminate in a lawful conviction in court.
Decentralized finance (DeFi) protocol Curve Finance (CRV) has revealed a massive bounty hunt, offering a staggering $1.85 million reward to anyone identifying the hacker who stole more than $61 million from the network on 30 July.
The Aave community has approved the proposal to prohibit additional CRV borrowing, with a 100% support rate. The risk management firm Gauntlet proposes the Aave community to block Curve DAO Token (CRV) borrowing to prevent the liquidation risk of Curve Finance founder Michael Egorov's debt that could trigger a contagion and possibly a DeFi crash.
Alchemix, a lending platform, has reported that all the funds stolen by the Curve Finance hacker from Alchemix's alETH-ETH pool have been returned. Curve Finance had fallen victim to a major heist on the 31st of July, leading to the hacker draining around $61 million from the protocol.
Curve Finance, a prominent decentralized finance (DeFi) platform, recently faced a major exploit that resulted in hackers stealing over $60 million in funds. This incident sent shockwaves through the DeFi community, raising concerns about the security and vulnerabilities of such protocols.
73% of stolen Ethereum funds were reclaimed from Curve Finance exploit.
A public bounty is now open for finding the remaining funds with a $1.8 million reward.
Curve Finance has opened a public bounty to retrieve outstanding stolen funds. There is still $18.5 million yet to be recovered from the July 30 exploit, which pilfered $61 million from various Curve pools.
Aave community has successfully passed an online voting proposal that seeks to "ban the addition of CRV mortgage lending.
Decentralized finance (DeFi) protocol Curve is offering a $1.85 million reward to anyone who can identify the exploiter responsible for draining over $61 million from its pools on July 30. This announcement was made after the deadline for the voluntary return of funds expired.
A week ago, the decentralized finance (DeFi) platform Curve Finance faced a major exploit with hackers stealing north of $60 million in funds. After a week of failing to meet the deadline to return the funds, Curve Finance has decided to drag the exploiter to court and pursue the case further.
After negotiations on Friday, the hacker returned roughly $10 million of the stolen cryptocurrency to one of the victims, Alchemix.
Curve Finance, a decentralized finance (DeFi) protocol, is now rewarding individuals capable of identifying the individual behind the draining of more than $61 million from its pools on July 30 unless the hacker fully releases the funds.
Curve Finance is now offering a $1.85 million bounty to the public for anyone who can help identify and bring to justice the exploiter behind the $61 million exploit that occurred in July.
Major cryptocurrencies experienced a mixed trading session on Sunday evening, as market attention turned towards the turmoil surrounding Curve Finance and its CRV token. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m.
Curve is offering a public bounty for identity information that leads to its exploiter's conviction — unless they return the funds in full.
While other DeFi protocols grapple with TVL losses in the aftermath of Curve's hack, MakerDAO sees some action.
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