Curve Finance to Offer $1.85 Million Bounty to Public Who Identify Exploiters

Curve Finance to Offer $1.85 Million Bounty to Public Who Identify Exploiters

Curve Finance tweeted that the deadline for the voluntary return of funds in the Curve exploit passed at 8:00 UTC on Aug 6. Curve now extends the bounty to the public, and offers a reward valued at 10% of remaining exploited funds (currently $1.85M USD) to the person who is able to identify the exploiter in a way that leads to a conviction in the courts. If the exploiter chooses to return the funds in full, Curve will not pursue this further.

Previously, Curve, Metronome and Alchemix were exploited and lost nearly $62 million. In response, Curve and other victims of this exploit offered the hackers a 10% bounty in exchange for the return of the remaining tokens.

In an on-chain message sent to the hacker's Ethereum address, Curve, Metronome, and Alchemix wrote, "We will not pursue this matter further and there is no risk of law enforcement issues, etc." The three protocols give a deadline of August 6 at 8:00 UTC, at which point their bounty will become a vigilante payout to anyone who provides information leading to the hacker's arrest and conviction.

In advance of the August 6 deadline, Alchemix tweeted that the hackers had returned all stolen funds of the Alchemix Curve pool, and that a full report would be published shortly.

 

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Source

Curve

Security Incidents

DeFi

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