Curve Finance to Offer $1.85 Million Bounty to Public Who Identify Exploiters

Curve Finance to Offer $1.85 Million Bounty to Public Who Identify Exploiters

Curve Finance tweeted that the deadline for the voluntary return of funds in the Curve exploit passed at 8:00 UTC on Aug 6. Curve now extends the bounty to the public, and offers a reward valued at 10% of remaining exploited funds (currently $1.85M USD) to the person who is able to identify the exploiter in a way that leads to a conviction in the courts. If the exploiter chooses to return the funds in full, Curve will not pursue this further.

Previously, Curve, Metronome and Alchemix were exploited and lost nearly $62 million. In response, Curve and other victims of this exploit offered the hackers a 10% bounty in exchange for the return of the remaining tokens.

In an on-chain message sent to the hacker's Ethereum address, Curve, Metronome, and Alchemix wrote, "We will not pursue this matter further and there is no risk of law enforcement issues, etc." The three protocols give a deadline of August 6 at 8:00 UTC, at which point their bounty will become a vigilante payout to anyone who provides information leading to the hacker's arrest and conviction.

In advance of the August 6 deadline, Alchemix tweeted that the hackers had returned all stolen funds of the Alchemix Curve pool, and that a full report would be published shortly.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Curve

Security Incidents

DeFi

In This Article

Related News
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Stablecoin neobank Infini exploited for $49 million: security analysts Stablecoin neobank Infini exploited for $49 million: security analysts
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation
Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51
Latest News More More
17 Hours Ago Pump.fun launches DEX called PumpSwap to instantly migrate graduated token
17 Hours Ago Total stablecoin market cap surpasses $230 billion amid institutional interest and Trump policies
1 Day Ago Bybit CEO says $16 million worth of stolen bitcoin funneled through Wasabi mixer to P2P vendors
2 Days Ago EOS rebrands to Vaulta amid pivot to 'web3 banking', plans to launch new token
2 Days Ago Ethereum developers to end support for Holesky testnet in September
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open