Summary
Following the recent Curve Finance exploit, the hacker has returned $12.7 million worth of stolen assets to the Alchemix Finance platform. The return of funds occurred in three transactions, including the return of 4,820 Alchemix Ethereum (alETH) and 2,258 Ethereum (ETH). The hacker left a message in one of the transactions, stating that they are refunding the funds not because they can be found, but because they don’t want to ruin the project. Alchemix Finance operates as a loan-based DeFi protocol using Curve pools. This comes after Curve Finance experienced a $24 million exploit on July 30, with Curve Finance’s founder engaging in over-the-counter transactions to mitigate liquidation risk.
Key Points
– The hacker returned $12.7 million worth of stolen assets to the Alchemix Finance platform.
– The return of funds was done in three transactions, including the return of 4,820 alETH and 2,258 ETH.
– The hacker left a message stating that they are refunding the funds to avoid ruining the project.
– Alchemix Finance operates as a loan-based DeFi protocol using Curve pools.
– Curve Finance experienced a $24 million exploit on July 30, leading to over-the-counter transactions to mitigate liquidation risk.
Hot Take
The surprising move by the hacker to return stolen assets to the Alchemix Finance platform raises interesting questions about their motivation. While the hacker claims that it is not because they can be found, but rather to avoid ruining the project, their message reflects a sense of superiority. This incident highlights the ongoing challenges and vulnerabilities in the DeFi space, as well as the need for stronger security measures. It is positive to see the return of the stolen funds, but it is essential to continue working towards improving security and protecting investors in the crypto industry.
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