Alchemix

Metronome

<div class="sg-post-des">
  The exploit on July 30 resulted in the theft of roughly $70 million in cryptocurrencies, bringing the bounty close to $7 million. 
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<div class="cointelegraph"> 
 <p>Decentralized finance (DeFi) platforms Curve, Metronome and Alchemix have jointly announced an initiative to recover stolen funds from the recent exploits of Curve’s pools.</p> 
 <p>According to on-chain data, the protocols are <a rel="noopener noreferrer nofollow" title="offering" href="https://thebittimes.com/tag/offering.html">offering</a> a 10% <a rel="noopener noreferrer nofollow" title="bounty" href="https://thebittimes.com/tag/bounty.html">bounty</a> of the stolen funds as a reward, urging those responsible for the exploit to step forward and return the remaining 90%. The exploit on July 30 resulted in the theft of roughly $70 million in cryptocurrencies, which would bring the <a rel="noopener noreferrer nofollow" title="bounty" href="https://thebittimes.com/tag/bounty.html">bounty</a> close to $7 million. </p> 
 <blockquote class="twitter-tweet"> 
  <p lang="en" dir="ltr">Dear hacker, you've got an incoming messagehttps://t.co/ZKJjrO65PX</p>— Curve Finance (@CurveFinance) August 3, 2023 
 </blockquote> 
 <p>The <a rel="noopener noreferrer nofollow" title="offer" href="https://thebittimes.com/tag/offer.html">offer</a> comes with a guarantee of no further legal actions or involvement of law enforcement. “We want to resolve this in a civilized manner," says the message included in the transaction.</p> 
 <p>“You will have no risk of us pursuing this further, no risk of law enforcement issues," the protocols said in a joint statement, adding:</p> 
 <blockquote>
   “If you choose not to partake in the voluntary return and complete the process by 6 August at 0800 UTC, we will expand the bounty to the public, and offer the full 10% to the person who is able to identify you in a way that leads to your conviction in the courts. We will pursue you from all angles with the full extent of the law."&nbsp; 
 </blockquote> 
 <p>The trio has provided a direct channel for communication via curvenegotiation@protonmail.com and urged the responsible parties to respond immediately. It also emphasized that any individuals reaching out for negotiations must verify their ownership of the email address on-chain.</p> 
 <p>The attack&nbsp;occurred due to a critical vulnerability&nbsp;in versions of the Vyper programming language. Several pools using Vyper 0.2.15, 0.2.16 and 0.3.0 were targeted by a malfunctioning reentrancy lock, affecting four liquidity pools on Curve Finance. </p> 
 <p>The security incident has delivered a fresh sense of uncertainty across the crypto community, raising concerns about a possible domino effect on the DeFi ecosystem. Curve Finance’s native stablecoin, crvUSD, briefly depegged on Aug. 3, reacting to the hazy circumstances surrounding the protocol after the exploit. </p> 
 <p><strong><em>Magazine:&nbsp;Should crypto projects ever negotiate with hackers? Probably</em></strong></p> 
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Curve, Metronome and Alchemix offering 10% bug bounty on Vyper hack

TheBitTimes

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