Ponzi

Metronome

DeFi

April

Rewards

<a href="https://bitcoinworld.co.in/curve-finance-rewards-cybersecurity-researcher-marco-croc-with-250000-for-identifying-vulnerability/" title="Curve Finance Rewards Cybersecurity Researcher Marco Croc With $250,000 For Identifying Vulnerability" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">A pseudonymous cybersecurity researcher known as Marco Croc, affiliated with Kupia Security, has been awarded a substantial sum of $250,000 by Curve Finance for identifying a critical vulnerability.</li>
</ul>
<h3 id="span-style-font-weight-400-curve-finance-rewards-cybersecurity-researcher-250-000-for-identifying-vulnerability-span">Curve Finance Rewards Cybersecurity Researcher $250,000 for Identifying Vulnerability</h3>
A pseudonymous cybersecurity researcher known as Marco Croc, affiliated with Kupia Security, has been awarded a substantial sum of $250,000 for identifying a critical vulnerability that has historically enabled hackers to carry out multimillion-dollar thefts from cryptocurrency protocols.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Big thanks for the disclosure! Grieving attacks are not as dangerous (funds would be anyway recoverable, and no profit for attacker) – could have caused serious panic if happened.
 This is an example of a very professional work
 — Curve Finance (@CurveFinance) <a href="https://twitter.com/CurveFinance/status/1785406648082997532?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 30, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The vulnerability was found in the decentralized finance (DeFi) protocol Curve Finance, which could be exploited to manipulate balances and withdraw funds from liquidity pools.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f41e.png" alt="🐞" class="wp-smiley" style="height: 1em; max-height: 1em;">I reported a vulnerability in <a href="https://twitter.com/CurveFinance?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CurveFinance</a> and I am thrilled to share that I've been awarded a bug bounty of $250,000. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">
 — Marco Croc (@malicator) <a href="https://twitter.com/malicator/status/1785376170608922675?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 30, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<a href="https://twitter.com/CurveFinance/status/1785406648082997532" rel="noopener noreferrer nofollow">Curve Finance</a> promptly acknowledged the potential security risks associated with the vulnerability and expressed their understanding of its severity.&nbsp;
After conducting a comprehensive investigation, Curve Finance awarded Marco Croc the maximum bug bounty of $250,000 as a token of appreciation for his significant contribution.
Although Curve Finance classified the threat as “not as dangerous,” they acknowledged that any kind of security incident, even on a smaller scale, could have resulted in serious panic among users.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/massive-43-million-crypto-ponzi-scheme-uncovered-in-new-york-leading-to-wire-fraud-arrest/" aria-label="“Massive $43 Million Crypto Ponzi Scheme Uncovered In New York, Leading To Wire Fraud Arrest” (Edit)" rel="noopener noreferrer nofollow">Massive $43 Million Crypto Ponzi Scheme Uncovered In New York, Leading To Wire Fraud Arrest</a>
The protocol stated their belief that they could recover any stolen funds in such an event.
This incident comes on the heels of Curve Finance’s recovery from a previous hack in July, which resulted in a loss of $62 million.&nbsp;
In an effort to restore normalcy, the DeFi protocol recently conducted a vote to reimburse $49.2 million worth of assets to the liquidity providers (LPs).&nbsp;
On-chain data confirms that the disbursement of tokens worth over $49.2 million was approved by 94% of tokenholders to cover the losses incurred in the Curve, JPEG’d, Alchemix, and Metronome pools.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
&nbsp;
#Binance #WRITE2EARN
The post <a href="https://bitcoinworld.co.in/curve-finance-rewards-cybersecurity-researcher-marco-croc-with-250000-for-identifying-vulnerability/" rel="noopener noreferrer nofollow">Curve Finance Rewards Cybersecurity Researcher Marco Croc With $250,000 For Identifying Vulnerability</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Curve Finance Rewards Cybersecurity Researcher Marco Croc With $250,000 For Identifying Vulnerability

Indice dei contenuti

ItsBitcoinWorld

Altri articoli pubblicati su 3 mag 2024

BTC and ETH Options Worth Billions Set for Expiry: Impact on Crypto Market

Here's What $100 In Dogecoin Would Be Worth If You Invested 10 Years Ago

Bitcoin (BTC) Bulls Load Up for Rally to New All-Time High but This Resistance Level Stands in th...

Sui Turns One: Debut Year of Growth and Tech Breakthroughs Puts Sui at Forefront of Web3

Will Solana’s Upcoming Breakout Spur Price Surge?

Exploring the Strategic Investment in Dogwifhat (DWH) by Top Hedge Fund: The Power of a Penny Pur...

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!