Aave

Ethereum

Alchemix

JPEG'd

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<div class="cryptonews"> 
 <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 <a rel="noopener noreferrer nofollow" title="exploiter" href="https://thebittimes.com/tag/exploiter.html">exploiter</a> has sent around $12.7 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> 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"> 
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   <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) August 4, 2023 
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 <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> 
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 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Curve Finance exploit triggers massive MEV rewards 
 </div> 
 <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 <a rel="noopener noreferrer nofollow" title="return" href="https://thebittimes.com/tag/return.html">return</a>ed <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a>, 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 Vyper attack.</p> 
 <p>Following the events, Curve Finance’s founder, Michael Egorov, engaged in over-the-counter transactions involving more than 106 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> CRV tokens, amounting to $42 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>, to mitigate the potential for liquidation risk.&nbsp;</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Curve’s founder sells 7.5 million CRV, settles $3 million debt on Aave 
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Curve Finance exploiter returns $12.7 million of stolen funds

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