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TL;DR
Final weekend, hackers discovered an exploit in Curve, a decentralized crypto lending platform.
The nice-ish information is: virtually $10M was returned after the hacker(s) engaged in talks with one of many victims on Friday, blockchain information exhibits.
In a message linked to this transaction, the hacker requested Alchemix (one of many victims) to verify the pockets handle the place he may return the funds.
The most certainly cause for returning the funds – at the least in our minds – is that they made a take care of the group in control of the governance of Curve, and that deal concerned returning a portion of the funds.
Full Story
Final weekend, hackers discovered an exploit in Curve, a decentralized crypto lending platform.
We wrote about it right here – and to cite ourselves…
Hackers have discovered a bug that’s giving them direct entry to large lending swimming pools, and a complete of $100M price of crypto is in danger, with an estimated $50M having been stolen as of this writing (31 July).
As issues performed out, roughly $61M ended up getting stolen by way of the Curve exploit.
The nice-ish information is: virtually $10M was returned after the hacker(s) engaged in talks with one of many victims on Friday, blockchain information exhibits.
How do you talk anonymously?
By means of blockchain transactions after all!
In a message linked to this transaction, the hacker requested Alchemix (one of many victims) to verify the pockets handle the place he may return the funds.
Following that, virtually $10M was transferred to Alchemix’s pockets in a number of transactions.
Which begs the query: why the sudden change of coronary heart to return the funds?
We now have a number of theories which go a bit one thing like this:
The least doubtless, however most healthful, principle is that the hackers had been ‘white hat’ hackers. They did the hack to enhance the protocol total. A ‘white hat’ hacker is form of like Superman, to a ‘black hat’ hacker’s Lex Luthor – they use their (hacking) powers for good.
They could have gotten spooked, and returned the funds in good conscience; or modified their minds after talking with at the least one of many victims and listening to their story. (Additionally fairly unlikely).
The most certainly choice – at the least in our minds – is that they made a take care of the group in control of the governance of Curve, and that deal concerned returning a portion of the funds.
The actual cause might come out later this week.
Let’s hope the exploit is absolutely resolved now, and that this does not occur once more!
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