Ethereum

Aave

Alchemix

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<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 exploiter has sent around $12.7 million 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> 
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   <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) <a href="https://twitter.com/WuBlockchain/status/1687472385241608192?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 4, 2023</a> 
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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> 
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 <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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<p> You might also like: <a href="https://crypto.news/curve-finance-exploit-triggers-massive-mev-rewards/" rel="noopener noreferrer nofollow"> Curve Finance exploit triggers massive MEV rewards </a> </p> 
<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 returned funds, 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 <a href="https://crypto.news/bsc-suffers-73k-vyper-attack-following-curve-finance-exploit/" rel="noopener noreferrer nofollow">Vyper attack</a>.</p> 
<p>Following the events, Curve Finance’s founder, Michael Egorov, engaged in over-the-counter transactions involving more than 106 million <a href="https://crypto.news/justin-sun-other-crypto-investors-buy-crv-token-in-attempt-to-help-curve-finance/" rel="noopener noreferrer nofollow">CRV</a> tokens, amounting to $42 million, to mitigate the potential for liquidation risk.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/curves-founder-sells-7-5-million-crv-settles-3-million-debt-on-aave/" rel="noopener noreferrer nofollow"> Curve’s founder sells 7.5 million CRV, settles $3 million debt on Aave </a> </p>

Curve Finance exploiter returns $12.7 million of stolen funds

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