News - Curve Finance has put a bounty on the head of the attacker

By Mike Hesp

Curve Finance has put a bounty on the head of the attacker

DeFi

Last week, a hacker stole more than US$70 million from Curve pools. The DeFi Protocol has now put a bounty on his head.

Curve Finance has put a bounty on the head of the attacker who on July 30 stole more than US$70 million from DeFi-pools.

Curve and other protocols involved in the attack offered the hacker on Aug. 3 a bug bounty of 10 percent - totaling more than US$6 million.

After accepting the offer, the hacker returned the stolen assets to Alchemix and JPEGd. However, he did not make refunds to other affected protocols.

"We are now extending the bounty to the public and offering a reward worth 10% of the remaining exploited funds (currently $1.85 million) to the person who is able to identify the attacker," Curve said in a on-chain message.

Last week, the unknown hacker knew more than $70 million steal from several of Curve's liquidity pools. As a result of this shock, Total Value Locked (TVL) fell by about 50 percent.

Curve is a popular DeFi protocol for stablecoins on Ethereum and a linchpin in the industry.

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