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Curve Finance Offers Bug Bounty to Identify Exploiter of $61M DeFi Hack!

August 7, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Crypto Dwell Information

Creator: Mustafa Mulla Aug 7, 2023 11:53

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

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Curve Finance, a DeFi protocol, is providing a bug bounty for anybody able to figuring out the person liable for draining over $61 million from its swimming pools on July 30. The reward is 10% of the remaining exploited funds, at the moment valued at $1.85 million, and can solely be issued if the exploiter is efficiently convicted in court docket. Whereas some funds have been returned, the attacker left a message suggesting they didn’t return them out of worry of being recognized. The incident raised considerations concerning the safety of DeFi protocols, notably these with Wrapped Ether.

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Tags: 61MbountyBugcurveDeFiexploiterFinanceHackidentifyOffers
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