Binance Recovers 83% of Stolen Funds in Curve Finance DNS Attack

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Barely two days after the Curve Finance DNS attack, Binance says it has recovered more than 80% of the stolen assets.

Leading cryptocurrency exchange Binance has helped recover crypto assets worth about $450,000 stolen from Curve Finance users. The funds represent about 83% of the total amount stolen from users.

Binance CEO Changpeng Zhao shared the update on Twitter today, noting that the Curve Finance hacker sent the assets to Binance using different techniques to bypass the exchange’s security. However, the company identified the transactions and froze the assets.According to CZ, Binance will return the recovered $450,000 to the victims. The exchange is currently working with law enforcement to make that happen.

Binance froze/recovered $450k of the Curve stolen funds, representing 83%+ of the hack. We are working with LE to return the funds to the users. The hacker kept on sending the funds to Binance in different ways, thinking we can’t catch it. 😂

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Curve Finance resolves site exploits, directs users to revoke recent contracts: Finance RedefinedIn this week's DeFi newsletter, we look at the growing nuisances around cross-bridge platforms, Curve's resolution of the website after exploit and more. More to the summer saga USERS UNAFFECTED like always users unaffected
Source: Cointelegraph - 🏆 562. / 51 Read more »