Ethereum

Aave

Alchemix

JPEG'd

Read

<p class="is-style-lead">Following the recent Curve Finance exploit, the perpetrator has made a surprising move by returning a significant portion of the stolen assets to the protocol.</p> 
<p>Reports indicate that the exploiter has sent around $12.7 million worth of 4,820 Alchemix Ethereum (alETH) and 2,258 Ethereum (ETH) to the Alchemix Finance platform.</p> 
<h2 class="wp-block-heading" id="hacker-returns-12-7-million-worth-of-aleth">Hacker returns $12.7 million worth of alETH</h2> 
<p>The events follow Curve’s request to the hacker on Aug. 3 to return the funds, after which the hacker requested that they confirm the address.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">The hacker labeled as "Alchemix/CurveFinance Exploiter" returned a total of 4,819.55 alteth to Alchemix Finance: Dev multiple times. The JPEG'd attacker also returned 6106 ETH. Earlier, the attacker released information saying that please confirm the address and he will return…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1687472385241608192?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 4, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>The process of returning the funds occurred in three transactions. The first one involved a test transaction of 1 alETH. Subsequently, a batch of 1,000 alETH, valued at $1.7 million, was returned around 9:00 a.m. ET. Following this, another 3,819 alETH, worth $6.7 million, was sent back just minutes later.</p> 
<p>After returning the alETH, the hacker returned 2,258 ETH, valued at $4.2 million, to an Alchemix Finance wallet, bringing the total returned funds to approximately $12.7 million.</p> 
<p>The Curve Finance exploiter also included a message in one of the transactions, shedding light on their motivation for the surprising move. </p> 
<p>The message read: </p> 
<blockquote class="wp-block-quote"> 
 <p>“I saw some ridiculous views, so I want to clarify that I’m refunding you not because you can find me, it’s because I don’t want to ruin your project, maybe it’s a lot of money for a lot of people, but not for me, I’m smarter than all of you.”</p> 
</blockquote> 
<p> You might also like: <a href="https://crypto.news/curve-finance-exploit-triggers-massive-mev-rewards/" rel="noopener noreferrer nofollow"> Curve Finance exploit triggers massive MEV rewards </a> </p> 
<h2 class="wp-block-heading" id="curve-finance-experiences-24-million-exploit">Curve Finance experiences $24 million exploit</h2> 
<p>Alchemix Finance, the beneficiary of the returned funds, operates as a loan-based DeFi protocol that uses Curve pools. </p> 
<p>The news comes in the aftermath of Curve Finance experiencing a $24 million exploit on July 30, attributed to a <a href="https://crypto.news/bsc-suffers-73k-vyper-attack-following-curve-finance-exploit/" rel="noopener noreferrer nofollow">Vyper attack</a>.</p> 
<p>Following the events, Curve Finance’s founder, Michael Egorov, engaged in over-the-counter transactions involving more than 106 million <a href="https://crypto.news/justin-sun-other-crypto-investors-buy-crv-token-in-attempt-to-help-curve-finance/" rel="noopener noreferrer nofollow">CRV</a> tokens, amounting to $42 million, to mitigate the potential for liquidation risk.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/curves-founder-sells-7-5-million-crv-settles-3-million-debt-on-aave/" rel="noopener noreferrer nofollow"> Curve’s founder sells 7.5 million CRV, settles $3 million debt on Aave </a> </p>

Curve Finance exploiter returns $12.7 million of stolen funds

Table of Contents

crypto.news

Other articles published on Aug 4, 2023

Curve hacker behind $61M heist begins returning funds

Shiba Inu’s Potential 117,179% Price Impact: Bitcoin Pioneer Hails SHIB as a Game Changer

Ensuring integrity of blockchain transactions: Trust through audits

Tether CTO claims USDT price being manipulated, some suggest Binance involvement

Revolut Halts Cryptocurrency Services in the U.S. Amid Regulatory Uncertainties

Binance Invests in Four Cryptocurrency Projects!

Join our free newsletter for daily crypto updates!