Curve Finance Placed Bounty Of $1.85 Million To Find Hacker
Curve Finance recently placed an almost $2 million bounty on a hacker after he broke a given deadline.
Curve Finance, the DeFi platform, faced a dangerous situation with its project Alchemix last week. An unknown hacker exploited the curve, stealing worth of $60 million in cryptocurrency.
Since the exploits, the hacker has openly declared its desire to return the funds to Alchemix because it does not want to ruin the project’s future. Promptly, the hacker returned $8.9 million to the victim through a series of multi-signature wallets.
However, it appears the hacker has gone silent on the rest of the funds failing to meet the required deadline date, hence, the bounty
Curve Finance Strong Reaction To Hacker’s Silence
Following the hack, the crypto firm offered the hackers a 10% reward for the stolen assets in an attempt to stop the assailant deadly attacks.
After a week, the hackers had failed to return the funds stolen completely as agreed. Curve Finance has decided to drag the exploiter to court over the agreement and pursue the case.
Furthermore, Curve Finance has offered a public bounty of $1.85 million to anyone who can identify the identity of the hacker. However, they assured the public that if the exploiter chooses to return the funds in full they will not pursue it any further.
In other news, after a strong fall last week, it seems that Curve Finance’s native stablecoin CRVUSD is back to its peak. This also means that investors are putting more faith in the project.
A few days ago, its native token rose to its highest in six days. It kicked off trading at $0.61 but retraced to $0.60 before rebounding. Afterward, it surged to a high of $0.70 but experienced strong rejections and closed the day at $0.62. The asset is currently green which may be a positive response to the actions the crypto firm is taking.
