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Home News Cryptocurrencies Blockchain

Curve Finance Hacker’s Missed Deadline Triggers $1.8M Bounty

by Jeane Claude Vasquez
August 8, 2023
in Blockchain, Hacks
Curve Finance Hacker’s Missed Deadline Triggers $1.8M Bounty

Following the recent multi-million-dollar breach of Curve Finance, the deadline for the perpetrator to restore the funds has expired. (Source: Cryptopolitan)


Following the recent multi-million-dollar breach of Curve Finance, the deadline for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker’s identity is now accessible to the general public.

Curve Finance states that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million.

The team offered the exploiters a “10% bounty of any stolen funds” in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will “expand the bounty to the public,” offering the same amount to whoever leads to the perpetrator.

Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned.

#PeckShieldAlert A total of ~$73.5M worth of cryptos on #Ethereum were stolen in the #Curve Reentrancy exploit. So far, ~73% of them (~$52.3M) have been returned.

The remaining ~$19.7M worth of cryptos on #Ethereum have not yet been returned by the 1st Curve CRV-ETH exploiter… pic.twitter.com/hU4v1UATeh

— PeckShieldAlert (@PeckShieldAlert) August 7, 2023

Twitter space thoughts?

“This is the state of the crypto justice system,” tweeted one user, adding, “This is the fault of blockchains not having governance and defense in depth built directly into the blockchain protocol level.”

Some suggested that the assault might be another action by the Lazarus group, a North Korean hacker cell known for recent high-profile exploits.

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