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Over the course of several hours, Curve Finance, a major decentralized finance platform, was the subject of an exploit resulting in the theft of over $70M and is now a
CRV's price rose by nearly 10% in the last 24 hours after news that the exploiter of Curve Finance had returned some of the stolen funds. However, the altcoin's outlook remains bleak.
The worst experiences for Curve DAO (CRV) might be over as the token has started seeing a number of green days in recent times. Curve DAO and its Steady Price Gains On-Chain data shows that CRV is currently up by more than 8% over the past 24 hours and is worth a spot price of
A crypto wallet labeled “Alchemix/CurveFinance Exploiter” has returned funds that were stolen from Alchemex earlier in the week. The NFT staking platform JPEG'd has also seen the return of stolen assets.
For the second consecutive day, Curve DAO (CRV) is on a bullish rampage in what appears as a push from the growing positive sentiment that its biggest woes might soon be over. The CRV token is changing hands at a price of $0.6275, up by 10.2% over the past 24 hours.
On July 30, JPEG'd, which offers a DeFi lending protocol that lets users borrow against their collateralized NFTs (non-fungible tokens), was hacked, losing $11.6 million in cryptocurrencies.
If DeFi still needs "handshake" deals and fleet of crypto influencers to keep it afloat, is it really better than traditional finance?
While July started bullishly for the cryptocurrency market, the second portion of the month was bearish. This is especially evident in the total market capitalization decrease ensuing after the July 13 yearly high.
Curve Finance founder Michael Egorov sells 8 million CRV to 5 investors again through over-the-counter (OTC) to pay off his $80 million debt. Meanwhile, Curve Finance pools hackers agreed and started to return funds in exchange for a 10% bounty announced by Curve and other DeFi protocols to prevent a major collapse of DeFi.
Curve Finance's native token witnessed some recovery after the exploit that hit the network recently. However, the slight recovery was accompanied by token metrics indicating a loss of investor confidence.
JPEG'd verifies the retrieval of $10 million in Ether following the Curve Finance breach, as the hacker commences a surprising return of stolen assets across various DeFi platforms.
In the latest twist in the world of Decentralized Finance (DeFi), the attacker who targeted Curve Finance, a prominent DeFi protocol, has unexpectedly started returning some of the stolen funds. The attacker initiated the process by sending 4,821 Ethereum (ETH), valued at approximately $9 million, to Alchemix Finance, one of the affected projects.
Crisis strikes Curve Finance, impacting CRV and crvUSD. Stablecoin wobbles but recovers slightly as bearish trend challenges Curve's resilience.
The hacker drained a number of pools on Curve Finance, stealing roughly $70 million, but has gradually started returning funds to various projects.
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.
In a surprising turn of events, the hacker known as the “Alchemix/Curve Finance Exploiter” has returned a total of 4,819.55 alteth and 6106 Ethereum (ETH) to Alchemix Finance, as reported by the journalist Colin Wu. The hacker, who had gained unauthorized access to the protocol, had earlier demanded that the Alchemix Finance team confirm the address to which they wanted the stolen funds returned.
Kaiko research analyst Riyad Carey discusses his crypto markets analysis as Curve Finance's native token CRV has fallen nearly 20% in the past week after the protocol fell victim to an exploit over the weekend.
The Curve Finance exploiter has refunded around $12.7 million worth of 4,820 Alchemix Ethereum (alETH) and 2,258 ETH to the Alchemix Finance platform
The trio has given the hackers until August 6 to return 90% of the funds, or the bounty would be offered to the public and given to anyone who would identify them.
In the fast-paced and ever-evolving world of cryptocurrencies, Curve Finance has emerged as a prominent player, and its founder, Michael Egorov, has recently made headlines with a series of token sales. With 106 million Curve DAO (CRV) tokens sold for a significant $42 million, market participants and analysts are paying close attention to the implications of these moves.
Most DeFi tokens traded in the red on weekly charts due to the chaos caused by the Curve Finance exploit.
Curve Finance's native token CRV has declined roughly 20% in the past week. This comes as Kaiko releases new research since the DeFi exploit that put more than $100 million worth of crypto at risk.
In a significant turn of events, the infamous hacker responsible for the breach of Curve Finance, a prominent Decentralized Finance (DeFi) protocol has initiated the process of returning the stolen funds. This unexpected development marks a significant stride in the ongoing battle to enhance the security and resilience of the DeFi ecosystem.
The individual behind the $61 million asset drain on Curve Finance, a decentralized exchange, has taken steps to return some of the stolen cryptocurrency.
