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 <p class="is-style-lead">Alchemix Finance has thanked an anonymous MEV bot operator for voluntarily returning $70k, or 43.3 Ethereum (ETH), in arbitrage profits earned from the Curve Finance exploit.</p> 
 <p>An operator of a Miner Extractable Value (MEV) bot returned 43.3 ETH in profits made during the exploit on Curve Finance, a stablecoin decentralized exchange (DEX).</p> 
 <p>Alchemix Finance ,which is one of four protocols directly affected by the Curve Incident, confirmed the transaction on Sept. 4. </p> 
 <p>At press time, the returned assets are worth an estimated $70,600 as ETH traded around $1,630, according to Coingecko.</p> 
 <p>“We would be more than happy to contribute 90% of our profits to your recovery efforts,” the white hat MEV operator told Alchemix Finance. </p> 
 <p>The hacker reportedly made these profits from an arbitrage strategy while malicious actors drained liquidity from the Alchemix Ether alETH/ETH pool on Curve Finance.</p> 
 <p>In return, the MEV bot <a rel="noopener noreferrer nofollow" title="operator" href="https://thebittimes.com/tag/operator.html">operator</a> asked for a thank you message sent to one of their wallet addresses. The reimbursed assets were moved to Alchemix’s mainnet address, per a transaction hash seen on block explorer Etherscan.</p> 
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    <p lang="en" dir="ltr">We are so thankful to a whitehat MEV bot <a rel="noopener noreferrer nofollow" title="operator" href="https://thebittimes.com/tag/operator.html">operator</a> who returned 43.3 ETH made from arb profits following the @CurveFinance exploit of the $alETH / $ETH pool.<br><br>This will be added to <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a> for redistribution.<br><br>Return Txhttps://t.co/UgQ5ag71y8https://t.co/8TIbR3BRSZ pic.twitter.com/BCop05EWjN</p>— Alchemix (@AlchemixFi) September 4, 2023 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Curve Finance exploiter returns $12.7 million of stolen funds 
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 <p>This is the latest recovery by Alchemix Finance after hackers drained more than $60 million worth of tokens from Curve Finance. </p> 
 <p>Attackers siphoned tokens from Curve Finance’s liquidity pools due to a bug in Vyper, a programming language used by Curve to write smart contracts on Ethereum.&nbsp;</p> 
 <p>The bug led to an <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a> on Curve liquidity pools, affecting pools supported by Alchemix Finance, JPEGd, and Metronome. This event triggered a series of actions, including recovery efforts by protocols, battles over MEV, declining token prices, and heightened concerns within decentralized finance (defi). </p> 
 <p>Curve Finance’s native token, CRV, faced additional pressure due to huge loans taken by its founder Michael Egorov. </p> 
 <p>To avoid liquidation, Egorov utilized over-the-counter (OTC) markets to sell huge portions of CRV, generating <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a> to repay $80 million in loans.</p> 
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  <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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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/anonymous-mev-bot-operator-refunds-70k-in-eth-from-curve-finance-attack-tbt61493.html">https://thebittimes.com/anonymous-mev-bot-operator-refunds-70k-in-eth-from-curve-finance-attack-tbt61493.html</a></p>

Anonymous MEV bot operator refunds $70k in ETH from Curve Finance attack

TheBitTimes

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