The hacker behind the cyberattack on the Curve Finance protocol has entered into negotiations with representatives of the affected projects and already returned approximately $23 million of stolen funds.
The anonymous hacker behind the attack on the Curve Finance protocol has entered into negotiations with representatives of the affected protocols to recover the stolen funds. The attacker attached a message to the transfers, in which he motivated his actions by the fact that he didn’t want to destroy the ecosystem and harm ordinary users.
Thus, on August 4, the hacker returned 4,820.55 ETH (~$8.9 million) to Alchemix Finance. Later, the team reported that it entered into negotiations with the hacker and returned another 2,259 ETH (~$4.17 million). On August 5, Alchemix representatives reported that all stolen funds had been returned to the pools.
DeFi protocol JPEG’d representatives also engaged in a dialog with the hacker to recover the stolen funds. As a result, the team reported that the hacker transferred 5,494.4 ETH (~$10 million) to their cryptocurrency wallet address. The attacker received a reward of 610.6 ETH (~$1.1 million) for returning the stolen funds. JPEG’d also dropped their investigation and any legal pursuit of the hacker, calling him a white hat.
The hacker transferred 1 ETH (~$1,844) to the Curve Finance team, after which the team offered the hacker a $6 million reward for a full refund. However, the attacker didn’t enter into negotiations, and the project team decided to involve the public by offering a reward for the hacker’s identity. Thus, Curve will pay $1.85 million for the attacker’s identity.
The hacker returned about 40% of the total amount of stolen funds, which, according to DeFiLlama, amounted to $61.7 million. On July 30, the hacker compromised several pools of Curve Finance, which uses the programming language Vyper. As a result, the protocols Alchemix Finance, JPEG’d, and a number of other projects were affected.
