Curve returned 70% of the funds stolen by the hacker


DEX Curve Finance announced the return of 70% of the funds stolen during the stablecoin pool attack on July 30th.

Data: X.

“70% of the funds stolen in last week’s hack have been recovered, and the remainder is being actively investigated. We are also working to determine the stakes of each impacted user in order to properly allocate,” the post reads.

On July 30, an unknown person attacked Curve Finance’s stablecoin pools using a vulnerability in the Vyper code. Initially, the total losses from the hack were estimated at $47 million. According to Defi Llama, the amount increased to $61.7 million.

The incident affected Alchemix, JPEG’d, MetronomeDAO, Ellipsis and deBridge projects. More than 450 pools were at risk due to the bug.

On August 4, the hacker partially returned the funds by transferring assets worth more than $20 million to the JPEG’d and Alchemix projects. The attacker received the promised reward of 10% of the amount.

Recall, on August 6, Curve offered a $1.85 million reward for identifying a hacker to bring him to court.

The project team announced the expiration of the deadline for voluntary refunds. Curve added that if the hacker fully reimburses the stolen assets, they will stop prosecuting him.

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