On July 30, a hack of Curve Finance resulted in the loss of $61 million in crypto assets. This included $22.6 million from Alchemix’s alETH pools and $3.4 million from Metronome’s msETH.
In an effort to get the assets back, the hacker contacted Alchemix on Friday, using an Ethereum blockchain transaction. Data on Etherscan shows that the hacker then transferred around $10 million worth of ether (ETH) and alETH to Alchemix’s multi-signature wallet.
The news of the returned funds caused the price of Curve DAO Token (CRV) to soar, as victims had renewed hope of recovering their assets. This was further compounded when the co-founder of Huobi purchased 10 million CRV tokens from Curve Finance founder.
In response to the attack, Curve Finance, Metronome, and Alchemix all announced a bounty to recover the stolen funds. They proposed offering 10% of the stolen money in exchange for returning the other 90%. Additionally, they promised that no further action or involvement of law enforcement would be taken if the assets were voluntarily returned.
If the attacker(s) don’t return the remaining assets, the 10% bounty will be paid to whoever can present evidence in a court of law that leads to the perpetrator’s conviction. The three DeFi platforms will pursue the attacker(s) to the fullest extent permitted by law.
