Curve Finance opens bounty after exploiter’s return deadline expires

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Despite the missed deadline for returning funds, Curve Finance is still offering a generous $1.85 million bounty to anyone who can identify the culprit behind the exploits performed against its stable pools on July 30. Curve Finance promises to not pursue encryption and conviction with the party who identifies the attacker, as long as they return the funds in full of their own accord. Prior to this proposal, an on-chain message was delivered from the hacker claiming that their intention wasn’t to tarnish or ruin the victims of the attack.

The hacker managed to successfully drain almost $62 million cyrptocوurrencies from Curve Pools, which estimates include $13.6 million from Alchemix’s variable Ethernet/Ether platform, $11.4 million belonging to JPEGd’s variable Ether Pool, and a further $11.8 million from the pool off ethether held by Metronome. The reentry attack exploit, which originated from the ancient Vyper coding language, sparked a mixed reaction from Fintech developers for and against return of drainage in what is estimated to be the biggest entry attack in the DeFi market, turned into the biggest bounty offer $1.85 million, thus far.

Robert Wilson author
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