The relatively swift recovery has improved the sentiment around $CRV, which have pared most of the losses from a 30% drop following the attack. By shauryamalwa.
Whitehats hackers and attackers have returned over 73% of all funds stolen from Curve Finance after its early August exploit.
Curve Finance has recouped some 73% of funds stolen during a hack, which saw the platform lose over $73 million worth of various tokens, causing contagion effects in the broader ecosystem. Curve, which lets users cheaply swap stablecoins on its platform, was hit by a reentrancy attack that allowed attackers to steal tokens from Curve, and lending and borrowing platforms Metronome and Alchemix. These affected protocols have since offered a 10% bounty for returning the assets by August 6,Reentrancy is a common bug that allows attackers to trick a smart contract by making repeated calls, or software commands, to a protocol in order to steal assets.
“The deadline for the voluntary return of funds in the Curve exploit passed at 0800 UTC,” Curve Finance said in a blockchain transaction. “We now extend the bounty to the public, and offer a reward valued at 10% of remaining exploited funds to the person who is able to identify the exploiter in a way that leads to a conviction in the courts.”
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