Home Cryptocurrency Curve Finance opens bounty after exploiter’s return deadline expires

Curve Finance opens bounty after exploiter’s return deadline expires

Cointelegraph By Ana Paula Pereira
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Curve Finance opens bounty after exploiter’s return deadline expires

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Decentralized finance (DeFi) protocol Curve Finance is extending a bug bounty supply to anybody who is ready to determine the exploiter answerable for draining over $61 million from its swimming pools on July 30. 

Curve and different protocols affected by the assault supplied a ten% bug bounty to the hacker on Aug. 3, totaling greater than $6 million. Upon accepting the supply, the hacker returned stolen belongings to Alchemix and JPEGd, however didn’t full refunds to different affected swimming pools. Because the deadline has handed, anybody who can determine the attacker will now be rewarded with belongings price $1.85 million.

“The deadline for the voluntary return of funds within the Curve exploit handed at 0800 UTC. We now lengthen the bounty to the general public, and supply a reward valued at 10% of remaining exploited funds (at the moment $1.85M USD) to the one that is ready to determine the exploited in a method that results in a conviction within the courts,” reads the on-chain message, including that “if the exploiter chooses to return the funds in full, we is not going to pursue this additional.”

Previous to returning the funds, the attacker posted a message that seems to have been directed on the Alchemix and Curve groups, claiming to be keen to return the funds solely as a result of they didn’t need to “smash” the tasks concerned. “I’m refunding not as a result of you will discover me, it’s as a result of I don’t need to smash your venture,” reads the on-chain message.

The assault occurred on July 30 and resulted within the drain of over $61 million in cryptocurrencies from Curve’s swimming pools, together with $13.6 million from Alchemix’s alETH-ETH, $11.4 million from JPEGd’s pETH-ETH, and $1.6 million from Metronome’s sETH-ETH. The hacker focused steady swimming pools utilizing susceptible variations of the Vyper programming language by way of reentrancy assaults.

The exploit uncovered vulnerabilities throughout DeFi tasks and sparked efforts to recuperate stolen funds throughout the ecosystem over the previous week.

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