Alchemix reports return of all stolen funds from Curve pools
The attacker started returning stolen funds after accepting nearly $7 million in bug bounty. Funds had been returned to Alchemix and JPEGd.
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The attacker started returning stolen funds after accepting nearly $7 million in bug bounty. Funds had been returned to Alchemix and JPEGd.
Curve Finance pools were targeted by hackers in a reentrancy attack on July 30, sending shockwaves across the DeFi ecosystem. Cointelegraph compiled the week's events.
Most DeFi tokens traded in the red on weekly charts due to the chaos caused by the Curve Finance exploit.
The exploit on July 30 resulted in the theft of roughly $70 million in cryptocurrencies, bringing the bounty close to $7 million.
The decentralized stablecoin is facing its first stress test since it was released in May, putting its PegKeeper algorithm to work.
The identity of the hacker or hackers behind an exploit that removed more than 100,000 Bitcoin from Bitfinex in 2016 had only been the subject of speculation until Aug. 3.
SmokeLoader, RaccoonStealer (also known as RecordBreaker) and Vidar top the charts, according to BlackBerry’s list.
The scheme consists of mirroring addresses and sending dust transactions to users to trick them into sending funds to the scammer's wallet.
The Curve Finance exploit has created a liquidity crisis in the DeFi ecosystem and many lending protocols are rushing to minimize their exposure.
A vulnerability in the Vyper programming language widely used by DeFi protocols like Curve Finance led to exploit of multiple Curve liquidity pools on Sunday.