Title: Curve Hacker Returns Part of Stolen Assets in Recent Attack
Introduction:
In a surprising turn of events, the hacker responsible for the recent $61 million hack on Curve Finance has returned a portion of the stolen assets. This development brings hope to victims and has sparked positive market reactions. Let’s delve into the details surrounding this incident.
The Hack:
On July 30, Curve Finance suffered a devastating hack resulting in the loss of $61 million in crypto assets. Additionally, the hacker targeted Alchemix’s alETH pools and Metronome’s msETH, stealing assets worth $22.6 million and $3.4 million, respectively.
The Return of Assets:
In an unexpected twist, the hacker reached out to Alchemix, one of the victims, on Friday, using an Ethereum blockchain transaction. According to data on Etherscan, the perpetrator made multiple transfers totaling approximately $10 million worth of ether (ETH) and alETH to Alchemix’s multi-signature wallet.
Market Impact:
The return of the stolen assets has had a positive impact on the governance token of Curve Finance, Curve DAO Token (CRV). Following the news, the CRV token experienced a significant increase, reaching a daily high of $0.6288. This surge in value has given hope to victims, as they now have renewed optimism about recovering their stolen assets.
Bounty Offer:
Seeking to maximize the return of the remaining assets, Curve Finance, Metronome, and Alchemix jointly announced a bounty on August 3. The three projects expressed their willingness to negotiate with the perpetrator(s) and offered a 10% bounty as an incentive to return the 90% remaining stolen funds. The projects also assured that no further legal action would be pursued if the funds were voluntarily returned.
Legal Consequences:
However, in the event that the attacker(s) refuse to return the remaining assets, the 10% bounty will be allocated to anyone who can locate and provide evidence leading to the identification and conviction of the guilty party in a court of law. The three DeFi platforms are committed to exhaust all legal avenues in pursuing the attacker(s).
Conclusion:
The return of a portion of the stolen assets by the Curve Finance hacker has brought a glimmer of hope to the victims. The positive market reaction, with the CRV token experiencing a surge in value, further reinforces the belief that recovering the remaining assets is not an insurmountable challenge. While the bounty offer is a proactive measure, the three projects are prepared to seek legal action if necessary. The story serves as a reminder of the ongoing challenges faced by the cryptocurrency industry and the vigilance required to protect users’ assets.
Disclosure: This article does not mention the original author of the content.
