The victim protocols of last Sunday’s exploit comes together to recover stolen funds. Curve led protocol trio urges exploiter to take 10% bounty and return remaining assets.
Curve Finance shared a tweet announcing the joint initiative of Curve, Alchemix and Metronome in order to recover stolen funds. It’s asking hackers to return the stolen funds while offering a 10% bug bounty in reward.
Curve sent a transaction to the exploiter address with a message citing “We are offering a 10% bounty of any stolen funds, which are yours to keep if you return the remaining 90%.” If hackers do so, there will be no involvement of any legal actions.
The message further says that if the exploiter does not voluntarily return funds before 6 August at 08:00 UTC, the bounty will be opened to the public. The one who will identify exploiter gets the 10% bounty and the protocol trio will pursue attacker ‘from all angles with the full extent of the law.’
The Vyper based vulnerability led to an exploit on 30th July caused DeFi protocols an approximate loss of $70 million combined. Curve was the most damaged protocol in this cascade with losing $47million and its token CRV token plunging double digit within hours.
