Jump to
Main Blog Hype Curve’s hunt for a scammer

Curve’s hunt for a scammer

Pic 1

The intrigue surrounding the recent Curve hack continues to unfold. As of August 6, the deadline for the hacker to return the funds has expired. Now, the platform has set a $1.85 million reward for any information leading to the identification of the attacker.

 

What happened

In case you missed the news on the hack, here's what happened: on July 30, the Curve platform was hacked, and then the affected projects offered the scammer a deal. After the deal was announced on August 4, the hacker returned some of the stolen funds. According to PeckShield, as of August 7, the platforms affected by the hack managed to reclaim $52.3 million out of the $73.5 million that had been pilfered.

Notably, in one of the refund transactions, the attacker left a message for the projects explaining the reasons why he decided to return the funds. If you are curious about decoding and transmitting messages of this kind via blockchain, read our guide

Pic 2

However, not all of the stolen funds have found their way back. Approximately 18,5 million worth of tokens remain at the hacker's address. In response, on August 6, Curve and its counterparts officially set a reward of $1.85 million for the exploit's doxxing. If the pilfered funds are returned in full, the hunt for the scammer would be called off. But this condition applies only to a complete refund, in contrast to the 90% offer that was part of the previous agreement.

Pic 3

 

Curve's token reaction

The native Curve token, CRV, has been trading sideways at $0.6 for a few days now.

Pic 4

Also read:

Curve to deal with a scammer

Tether saves $20 million for Binance

Maria Kachura
Maria Kachura

Visit her on Facebook or hit her up via Email.

0
Share this post
Similar articles
Best investment options for 2023
Markets
16 February, 2023
Best investment options for 2023
Let’s explore all the pros and cons of currencies, cryptocurrencies, stocks, real estate, and precious metals.
The difference between coin and token: understanding crypto assets
Learn
24 April, 2024
The difference between coin and token: understanding crypto assets
Discover the key differences between coins and tokens in the cryptocurrency ecosystem. Learn about their features, roles, and examples in this comprehensive guide.
NFT NYC 2022!🌐🦄
Events
20 June, 2022
NFT NYC 2022!🌐🦄
NFT NYC 2022.
AIBC Americas 2022
Events
8 June, 2022
AIBC Americas 2022
AIBC Americas 2022.
ETH NEW YORK 2022 🌐🦄
Events
24 June, 2022
ETH NEW YORK 2022 🌐🦄
ETH NEW YORK 2022.
Top 5 NFT games in 2024: the future of blockchain gaming
Learn
19 June, 2024
Top 5 NFT games in 2024: the future of blockchain gaming
In this guide, the itez team has gathered the freshest and most exciting information about the Play-to-Earn (P2E) segment and NFT games.