Curve, Metronome, and Alchemix Offer 10% Bounty to Hackers
Curve Finance, along with Metronome and Alchemix, have made an unprecedented move in offering hackers a 10% bounty in exchange for the return of their stolen tokens. In an on-chain message sent to the hacker’s Ethereum address, Curve, Metronome, and Alchemix assured the hackers that they would not face any further pursuit or legal issues if they comply. The trio set a deadline of August 6 for the return of the tokens, after which the bounty will be given to anyone who provides information leading to the hacker’s arrest and conviction. The message also warned the hackers that they will be pursued with the full force of the law.
Key Points:
– Curve, Metronome, and Alchemix have offered a 10% bounty to hackers in exchange for the return of stolen tokens.
– The hackers will not face any legal consequences if they comply.
– If the tokens are not returned by August 6, the bounty will be given to those who provide information leading to the hacker’s arrest and conviction.
– The message sent to the hackers emphasized that they will be pursued using all available legal measures.
– Curve is following a similar trajectory to Euler, another DeFi protocol that successfully negotiated the return of stolen funds in the past.
Hot Take:
This bold move by Curve, Metronome, and Alchemix reflects the increasing challenges faced by DeFi protocols in dealing with security breaches. By offering a bounty, they are hoping to incentivize the hackers to return the stolen tokens. However, it remains to be seen whether this strategy will be effective in recovering the funds and deterring future attacks. The success of Euler in negotiating the return of stolen funds gives some hope, but the crypto community will be closely watching the outcome of this situation.
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