CryptoMediaClub
Monday, July 7, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Curve Finance Offers 10% Bug Bounty to Attackers Behind Vyper $50M+ Exploit

05.08.2023
A A
0
120
VIEWS
ShareShare

Decentralized exchange Curve Finance has teamed up with Metronome and Alchemix to offer a 10% bug bounty to the attackers behind the recent exploit that saw more than $50 million siphoned off the platforms’ pools.

According to an on-chain message on one hacker’s Ethereum address, the protocols are willing to cease the pursuit of the case if the attackers return 90% of the stolen funds, keeping 10% for themselves.

Curve, Metronome, and Alchemix Offer Hacker 10% Bounty

Recall that four Curve Finance pools were exploited on July 30. The attackers were able to access the pools using Ethereum Virtual Machine smart contract programming language Vyper through a malfunctioning re-entrancy lock.

The exploit affected decentralized finance protocols like Metronome, Alchemix, and Ellipsis. While the total amount lost due to the hack remains unclear, the losses are estimated to be above $50 million.

Curve, Metronome, and Alchemix have taken steps toward recovering the funds by reaching out to attackers on-chain, promising no risk of law enforcement issues if they comply with the offer. The trio has given the hackers until August 6 to return 90% of the funds, or the bounty would be offered to the public and given to anyone who would identify them.

ADVERTISEMENT

“If you choose not to partake in the voluntary return and complete the process by August 6 at 0800 UTC, we will expand the bounty to the public, and offer the full 10% to the person who is able to identify you in a way that leads to your conviction in the courts. We will pursue you from all angles with the full extent of the law,” the protocols said.

Roughly $5.4M Returned

The platforms proceeded to provide an email address – for the exploiters to contact them for negotiations as soon as possible. They noted that whoever claims to be the exploiter would need to verify their ownership of the addresses holding the stolen funds before any discussions can take place.

Meanwhile, a white hat hacker named c0ffeebabe.eth already returned 2,879 ETH worth approximately $5.4 million to the protocol deployer address on July 31 after exploiting one of the exchange’s pools to prevent more losses.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share9Tweet6ShareSharePin2

Related Posts

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH
All news

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

07.07.2025
0

A sophisticated cyberattack on C&M Software, a technology provider for Brazil’s Central Bank, has triggered a wave of crypto laundering,...

Read moreDetails
Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

06.07.2025
Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

06.07.2025
Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

06.07.2025
XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

06.07.2025
Load More
Next Post
CDC report underscores importance of Judge’s verdict in Ripple case

CDC report underscores importance of Judge's verdict in Ripple case

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Crypto Leaders Plan to Raise $100,000 for Kamala Harris to Influence Crypto Policy

Crypto Leaders Plan to Raise $100,000 for Kamala Harris to Influence Crypto Policy

10 months ago
New Global Dollar Network Project Aims to Accelerate Global Stablecoin Adoption

New Global Dollar Network Project Aims to Accelerate Global Stablecoin Adoption

8 months ago
Bitcoin post-Christmas dip under $43k triggers marketwide liquidation of $170M

Bitcoin post-Christmas dip under $43k triggers marketwide liquidation of $170M

2 years ago
KAITO Token Surges 53.4% This Week: This Is Behind The Fast Value Enhance

KAITO Token Surges 53.4% This Week: This Is Behind The Fast Value Enhance

4 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

Bitcoin Price Prediction: Post-$50B Whale Dump, BTC Price Holds Steady – Can Institutional Control Drive New Highs?

Why Snaky Way’s $AKE Token Is More Than Just a Meme Coin, Presale Ongoing

Ripple (XRP) Holders Achieve Financial Freedom by Starting Dogecoin (DOGE) Mining Machines through Blockchain Cloud Mining

PEPE Whales Accumulate Amid Market Volatility: Is a 200x Rally Coming?

Trending

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH
All news

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

07.07.2025
0

A sophisticated cyberattack on C&M Software, a technology provider for Brazil’s Central Bank, has triggered a wave...

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

06.07.2025
Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

06.07.2025
Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

06.07.2025
XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

06.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz