DeFi protocol Curve Finance calls for return of funds from CRV/ETH attackers
Curve Finance has requested that the CRV/ETH attackers return the funds to the Curve DAO ownership address, following their failure to do so within the given timeframe. In an attempt to incentivize the identification of the exploiters, Curve Finance has extended a bounty for anyone who can lead to their conviction in court.
Key Points:
- Curve Finance has called for the return of funds from the CRV/ETH attackers to the Curve DAO ownership address.
- The exploiters have failed to return the remaining funds, prompting Curve Finance to extend the bounty.
- If the exploiters are identified and convicted, a reward valued at 10% of the remaining exploited funds will be given.
- Curve Finance founder, Michael Egorov, is in the process of paying off his $80 million debt through OTC sales of CRV tokens.
- The Aave community has blocked CRV borrowing to prevent the liquidation risk of Egorov’s debt.
Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!
Hot Take:
The failure of the CRV/ETH attackers to return the funds within the stipulated deadline highlights the need for stronger security measures within the DeFi space. It also underscores the importance of community participation in identifying and penalizing exploiters to maintain trust in the ecosystem.
