Binance’s venture arm invested $5 million in Curve DAO tokens (CRV).
Binance Labs head Yi He noted that, as part of the collaboration, Curve Finance would also launch on BNB Chain.
In the last 24 hours, governance token of the lending platform rose by 1.2%, according to CoinGecko.
On July 30, the hacker attacked the Curve Finance liquidity pools and withdrew more than $50 million, using a vulnerability in the Vyper code.
Shortly after the incident, DeFi protocol founder Mikhail Egorov began actively selling CRV tokens on the over-the-counter market — apparently to avoid liquidations on various lending platforms amid the price drop and volatility of the asset. Among buyers were notable crypto industry figures, including Justin Sun, co-founder of Tron.
At the time of writing, Egorov had sold a total of 156 million CRV worth $46.4 million. His aggregate debt on a number of crypto-lending services amounts to about $50 million.
Earlier, the Curve Finance hacker began returning funds. On August 4, he sent back assets worth more than $20 million.