$52.3 million Recovered From Curve Finance Heist

By 9 months ago
  • 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.
  • Curve Finance is offering a $1.8 million bounty to anyone with information on the exploiter that could aid a court conviction.

DeFi protocols affected in the $73.5 million reentrancy attack on decentralized exchange Curve Finance have recovered a substantial portion of the stolen funds, PeckShield

.

The Alchemix Finance exploiter returned 7,258 Ether (ETH) and 4,821 Alchemix Ether (alETH) worth $22 million. White hat hackers also rescued $13 million in crypto bringing Alchemix’s total to $35 million, the single largest recovery from Curve’s exploit.

JPEGd received $11.5 million in 5,495.4 wrapped Ether (WETH), accounting for 90% of the funds drained from its pETH/ETH pool. The frontrunner hacker claimed 10% as a bounty.

Furthermore, the Metronome Curve pool exploiter returned 886.55 ETH worth $1.6 million.

Curve Finance Offers Bounty For Info On Exploiter

The Curve Finance CRV-ETH exploiter is yet to return $19.7 million worth of cryptocurrency stolen during the reentrancy attacks on July 30, although c0ffeebabe.eth rescued $5.3 million from the CRV pool.

Curve initially offered the CRV/ETH exploiter 10% of stolen funds if they returned 90%. The bounty is now open to the public as the funds were not returned.

Currently, the bounty stands at $1.85 million for any information that could help secure a conviction in court.

The deadline for the voluntary return of funds in the Curve exploit passed at 0800 UTC. We now extend the bounty to the public and offer a reward valued at 10% of the 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, we will not pursue this further” added the Curve team.

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Naga Avan-Nomayo

Naga is a crypto news reporter with a Communications & Marketing Degree who has covered news in the blockchain industry including DeFi, exchanges, nfts, and regulations. Along with his interests in disruptive tech, he also enjoys outdoor photography, playing chess, and watching football.