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Curve Finance Offers Public $1. 85 M Reward to Locate Exploiter

Published:

On August 5, Alchemyx, a self-paying loan platform and JPEG’d NFT-staking platform, reported that most of their exploited funds had been recovered.

However, the companies still have $18.5 million to recover from a different Curve Finance pool.

Curve Finance urges the general public to help identify the Exploiter that made away with the platform’s funds.

READ ALSO:United States SEC May Likely Approve Ethereum ETF this Year Instead of Bitcoin

It is offering a bounty of 10% which is valued at $1.85 million, to anyone that assists the platform in getting information that can lead to prosecution.

Fast Facts

  • The chance that Curve Finance gave to the scammer who made away with the DeFi platform’s $62 million to pay back 90% of its outstanding $18.5 million without questions has elapsed. The announcement was made yesterday, August 6.
  • The scammer only has 08: UTC to comply with the conditions laid down by the DeFi platform.
  • Right now, the window of opportunity is given to the public to claim a 10% bounty worth $1.85 million. That is, for any person who can provide the appropriate information to help the prosecution apprehend the Exploiter.
  • As a result, Curve Finance is demanding a complete 100% payback of its stolen funds from the Exploiter if the scammer wants to end the investigation.
  • If the Exploiter pays anything less than the expected full 100%, legal action will be taken against him.
  • Several X users are expressing mixed feelings over the situation that Curve Finance got itself into. They blame the problem on the lack of defence and governance deeply built within the blockchains protocol level.

What’s Happening In Crypto Today?

As of this writing, the price of Bitcoin is at $29,024.76, with a drop in market cap by 0.18% and an increase in trading volume by 27.29%.

On the side of Ethereum, it is presently trading at $1,831.48 with a drop in market cap by 0.08% and an increase in trading volume by 29.86%.

  • Meanwhile, Tether is currently trading at $0.9983 with a decline in market cap by 0.07% and an increase in volume by 12.02%.
  • BNB is presently trading at $242.07 with a drop in market cap by 1.12% and an increase in trading volume by 3.07%.
  • On the side of XRP, its current price is at $0.6151, with a drop in market cap by 3.24% and an increase in trading volume by 8.12%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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