- The administration of DEX Curve Finance has announced that the deadline to return the stolen funds has passed.
- The hacker had previously transferred some of the stolen money, but not all of it. Now the organization has put up a reward for information about it.
Curve Finance, a decentralized exchange, announced that the deadline to return funds stolen in a hack at the end of July 2023 has passed. As such, the site has put up a reward for information about the hacker responsible for the incident.
The amount is 10 percent of the funds the attacker never recovered – $1.85 million. The exchange is also willing to drop the investigation if the hacker does agree to transfer the balance.
Remember, the hacker began returning the funds on August 4, 2023. In a comment on one of the transactions, he stated the following:
“I’m not doing this because you can catch me, I just don’t want to mess up your project.”
The protocols in question are Alchemix and JPEGd. These teams received the funds in full. However, the hacker is still in control of about $18 million worth of cryptocurrency.
It is noteworthy that earlier, a spokesperson for the ZachXBT association said that they were able to identify the suspect. However, whether his search has progressed is unknown at this point.
The Curve Finance hack has led to a sharp sag in the CRV exchange rate, and has even jeopardized the entire DeFi sector. Exchange founder Mikhail Egorov was forced to sell off controlled tokens at a below-market price to prevent forced liquidation of loans. At the time of writing, the asset is trading at $0.6 with a slight upward correction, according to CoinMarketCap: