Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance platform Curve saw roughly $570 million siphoned from the application on August 9.
Four days ago, the crypto community was made aware that the Curve Finance front end was exploited. Curve fixed the situation but $570 million was removed from the defi protocol. The attackers, however, decided to send the funds to crypto exchanges. Binance CEO Changpeng Zhao tweeted about the exploit the day it happened.. “Hacker put a malicious contract on the home page. When the victim approved the contract, it would drain the wallet. Damage is around $570K so far. We are monitoring.
the day of the hack. Then three days after the hack, on August 12, CZ explained at 1:07 a.m. that Binance recovered roughly 83% of the funds.tweeted
it maybe 450k usd not 450 Million 😒