Curve Finance Offers $1.85M Bounty to Identify DeFi Hacker

Curve Finance Offers $1.85 Million Bounty to Identify Exploiter

Curve Finance, the DeFi platform that suffered a $60 million exploit, has announced a bounty of $1.85 million for identifying the hacker. The deadline for the return of funds has passed, prompting Curve to extend the bounty to the public. If the exploiter returns the funds in full, no further action will be taken. Other affected protocols, such as Alchemix and JPEGd, have joined in the offer. The hacker recently returned $52.3 million, or 73% of the stolen funds, to Alchemix and JPEGd. However, the refunds to Curve Finance were not completed, leading to the decision to involve the public. The hacker will face legal repercussions once caught.

Main breakdowns:

Curve Finance offers a $1.85 million bounty to identify the exploiter.
If the exploiter returns the stolen funds in full, no legal action will be pursued.
The hacker returned $52.3 million to Alchemix and JPEGd but not to Curve Finance.
Curve Finance extends the bounty to the public after the deadline passes.
The hacker will face legal consequences once caught.

Hot Take:

The recent exploit on Curve Finance has led to significant losses, but the platform is taking action to recover the stolen funds. By offering a substantial bounty, Curve hopes to identify the exploiter and bring them to justice. While a portion of the stolen funds has been returned, the hacker’s refusal to refund Curve Finance necessitates involving the public. This incident highlights the ongoing challenges faced by DeFi platforms in ensuring security, but it also demonstrates the resilience of the crypto community in coming together to address such issues.