Curve DAO Token

<ul><li>DeFi&#39;s Curve Finance restores confidence by retrieving 73% of stolen funds, totaling $73 million.</li><li>“Ethical hackers and a sharp bot assist in recovering $22M from AlchemixFi.”</li><li>Vyper flaw hits Curve, Metronome, and Alchemix and $18M is unrecovered. Curve Finance offers public rewards for recovery.</li></ul>Curve Finance, a prominent decentralized finance (DeFi) platform, has significantly recovered 73% of the funds stolen during a hack that resulted in the loss of over $73 million worth of various tokens, causing ripple effects across the broader ecosystem.PeckShieldAlert, the cybersecurity firm specializing in cryptocurrencies, has made notable progress in identifying the perpetrator behind the significant DeFi attack. In the past week&#39;s unexpected events, funds stolen from various sources have steadily returned. Specifically, $22 million in ether (ETH) and ether derivatives, stolen initially from the AlchemixFi lending platform, has been completely restored. A shrewd trading bot was pivotal in recovering 90% of the stolen ether from JPEGd.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4d6aa37025294bf5b0901249b826b653.png" />Furthermore, an ethical hacker, who goes by the alias &#34;c0ffeebabe.eth,&#34; reportedly orchestrated the retrieval of over $6 million from the synthetic Metronome protocol and a trading pool within the Curve platform. Another ethical hacker successfully managed to reinstate $13 million from Alchemix.The alarming incident stemmed from a reentrancy attack that targeted Curve and the lending and borrowing platforms Metronome and Alchemix. Exploiting a vulnerability in the system, attackers managed to siphon off tokens, throwing these platforms into chaos. The affected protocols had collectively offered a 10% reward for their return by August 6 to recover the assets.Read full article at <a href="https://cryptotale.org/curve-finance-recovers-73-of-stolen-funds-following-recent-hack/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Curve Finance Recovers 73% of Stolen Funds Following Recent Hack

CryptoTale

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