Curve Hackers Returned $8.9 Million Of Stolen Assets To Victims
Blockchain data analysis on Friday showed Curve hackers responsible for $61 million looted assets on the decentralized exchange Curve Finance had begun returning some of its stolen crypto assets.
The unidentified looter asked Alchemix, one of the victims of the crypto heist, to drop a wallet address where he could deposit the supposed stolen assets. Moments later, he deposited $10 million in Ether and alETH to Alchemix’s multi-signature wallet in a series of transactions revealed through blockchain data.
However, the transaction ignited asset recovery hopes for victims in one of the most dramatic crypto exploits this year.
Curve, Metronome and Alchemix lost $61.7 million of crypto assets over the weekend after an unknown hacker exploited a coding bug to loot multiple trading pools.
Chain Reactions After Curve Hackers Strike
The governing token of Curve, CRV reacted sharply to the recovery news and had a 5% high than the last past 24 hours after breach exploits.
However, on Thursday, Investors reacted strongly to the hack and retracted many of their assets as precautions causing the abrupt fall of the CRV token.
The abrupt downtrend puts Curve founder Michael Egorov’s loans at the possible position of liquidation. Moreover, liquidating assets at that time would have left Aave protocols in distress with tens of millions in debt. In an attempt to save the day, Egorov sold roughly $42 million of his CRv stash including crypto entrepreneur Justin Sun, founder of Tron Blockchain, in an over-the-deal attempt to pay off the loans.
Hackers Moved $31M Loot Through Tornado Cash
Blockchain explorer data, Etherscan, reveals that threat actors moved about 1300 ETH worth approximately $2.1 million via Tornado Cash.
The threat actors moved the assets in a set of 100 ETHs. previously, the United States Treasury Department had earlier reportedly sanctioned the crypto mixer Tornado Cash, as it was linked to multiple Defi exploits.
The sanctions entailed that crypto exchanges operating within the country must block transactions connected to Tornado Cash.
