Curve has returned 70% of funds stolen in last week’s hack

DEX Curve Finance said that 70% of the funds stolen in the attack on the stablecoin pools on July 30 have been returned.

\n“70% of the funds stolen in last week’s hack have been returned; an active investigation into the remainder is underway. We are also working on determining the shares of each affected user for proper distribution,” the statement said.

On July 30, an unknown attacked Curve Finance’s stablecoin pools, exploiting a vulnerability in the Vyper code. Initially, total losses from the hack were estimated at $47 million. According to Defi Llama, the amount rose to $61.7 million.

The incident affected projects Alchemix, JPEG’d, MetronomeDAO, Ellipsis and deBridge. More than 450 pools were put at risk due to the bug.

On August 4, the hacker partially returned the funds, transferring assets worth more than $20 million to the JPEG’d and Alchemix projects. The attacker received the promised reward of 10% of the amount.

On August 6, Curve offered a $1.85 million reward for identifying the hacker to bring him to court.

The project team said that the deadline for voluntary restitution had passed. Curve added that if the hacker fully restituted the stolen assets, they would forgo prosecution.