DEFISECURITY

Curve Finance: Negotiation period with hacker has ended, $1.85 million bounty to find the hacker

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Curve Finance: Negotiation period with hacker has ended, $1.85 million bounty to find the hacker

The decentralized exchange protocol Curve Finance has publicly announced that the negotiation period with the hacker has ended, and the 10% of the stolen amount as a white hat bounty will now be open to the public. Meanwhile, the hacked Curve CRV token has also surged by nearly 30% from its bottom.

Curve Finance: $1.85 Million Bounty Offered to Identify Hacker

Curve mentioned on Twitter that the deadline for hackers to voluntarily return the hacked funds has passed, despite previously offering a white-hat bounty for this purpose.

While Curve stated that they will not pursue legal action if the hackers fully return the funds, they have now extended a bounty to the public.

Curve stated through Ethereum blockchain messages:

The deadline for voluntarily returning the hacked Curve funds was 8 AM on August 6th. We have now extended the reward to the general public, offering a 10% reward of the remaining hacked total, which is currently $1.85 million, to anyone who can provide evidence to identify and convict the attacker. If the attacker returns all the funds, we will not pursue the matter further.

Contact information provided by Curve: [email protected]

Alchemix Fully Repaid

Previously reported, hackers have returned 4,820 alETH and 2,258 ETH to the borrowing protocol Alchemix.

Alchemix later confirmed receiving the total amount previously deployed in the Curve pool, and will soon release a full incident report.

The hacker emphasized that returning the money was not out of fear of potential exposure:

Recap: Hacker Returns Substantial Funds to Curve Finance: Clarifies Money Return Not Due to Fear of Tracking, Boasts Intelligence Over All

Curve DAO Token CRV Price Stabilizing?

Following the hack, the price of CRV on Binance dropped to a low of $0.482, but has since risen by 28%.

However, this is still below the pre-hack level of $0.7, resulting in a -15% decline in CRV price so far, which has not fully recovered.

CRV 4-Hour Chart