Curve Finance exploiter returns $8.5 million in stolen funds

Across three separate transaction batches, the Curve Finance exploiter returned a total of 4,820 alETH worth $8.5 million back to the protocol.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The Curve Finance exploiter appears to be returning funds back to the protocol, according to on-chain data.

The hacker returned a total of 4,820 alETH to Alchemix Finance. The first transaction appeared to be a test of 1 alETH, with a batch of 1,000 alETH worth $1.7 million following around 9:00 a.m. ET. Another 3,819 alETH worth $6.7 million came a few minutes later, on-chain data shows. The wallet associated with the Curve Finance exploiter returned funds in three batches. Photo: EtherscanAlchemix Finance is a loan-based DeFi protocol that uses Curve pools. The price of one alETH, or Alchemix ETH, is currently around $1,755, according to the cryptocurrency price tracker CoinGecko.the hacker to return the funds on Aug. 3. The hacker responded, requesting Curve confirm the address of 0xbabe.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Curve Finance Token Falls 20% in Past Week After Major ExploitCurve Finance's native token CRV has declined roughly 20% in the past week. This comes as Kaiko releases new research since the DeFi exploit that put more than $100 million worth of crypto at risk. Kaiko research analyst Riyad Carey discusses the latest report.
Source: CoinDesk - 🏆 291. / 63 Read more »