Blockchain data indicates the culprit behind the $61 million asset drain on Curve Finance returned some stolen crypto. After conversing with one victim, the responsible person returned the assets last Friday, performing a good act.
The looter sent a message in an Ethereum transaction, confirming that the wallet address was right. Afterwards, they transferred nearly $10 million worth of ETH and alETH in multiple transactions to the multi-signature wallet.
The transactions raise optimism for victims as they hope to recover most of the stolen assets. This incident marks one of the most significant crypto exploits this year, with Curve, Metronome, and Alchemix losing $61.7 million in crypto assets due to a hacker exploiting a coding bug to drain several trading pools over the weekend.
Countermeasure
On Thursday, the affected protocols offered a 10% bounty for returning the assets no later than Aug. 6. “You will have no risk of us pursuing this further, no risk of law enforcement issues, etc,” Curve, Metronome, and Alchemix wrote in an on-chain message sent to a hacker’s Ethereum address.
After the deadline, their bounty will become a vigilante payout to whoever provides information that leads to the hacker’s arrest. “We will pursue you from all angles with the full extent of the law,” the message said.
Michael Egorov, founder of Curve, faced the risk of liquidation on his $168 million CRV-backed loans due to the market plunge. To prevent a catastrophe, he sold about $42 million of his CRV holdings to Justin Sun, founder of Tron blockchain, through over-the-counter deals.
