Curve Finance Opens Public Bounty to Retrieve Stolen Funds
Curve Finance has opened a public bounty to retrieve the remaining $18.5 million of stolen funds from the July 30 exploit. Here are the key points:
- Curve Finance is seeking community assistance in identifying the hacker responsible.
- A 10% reward, worth $1.85 million, is offered to anyone who provides information leading to prosecution.
- The window for the hacker to return 90% of the funds without repercussions has passed.
- Curve Finance demands a full 100% return of funds to end the investigation.
- Alchemix and JPEG’d have recovered most of their stolen funds but Curve Finance still needs to recover $18.5 million.
Curve Extends Bounty to the Public
Curve Finance has extended the 10% bounty to the wider public. They will reward anyone who can help identify the exploiter and lead to prosecution. Here are the key points:
- The deadline for the voluntary return of funds has passed and the bounty is now open to the public.
- If the exploiter chooses to return the funds in full, Curve Finance will not pursue further action.
Mixed Response From the Public
Curve Finance’s decision to open the bounty to the public has received a mixed response. Here are the key points:
- Some users believe that the lack of governance and defense in depth in blockchain protocols is to blame.
- Others question what will happen if a conviction is made but the funds aren’t recovered.
Hot Take
Curve Finance’s decision to open a public bounty is a bold move to recover the stolen funds. However, it also highlights the challenges and complexities of dealing with hacks in the crypto space. The response from the community shows the need for stronger security measures and clear protocols in place to prevent and handle such situations.
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