- Alchemix’s stolen funds were returned by the Curve Finance hacker.
- The hacker returned the money after Curve, Metronome, and Alchemix offered him 10% of the stolen funds.
- Alchemix received all of its stolen funds, Metronome received some, and Curve didn’t receive any of its stolen funds.
Alchemix announced on Twitter that all of its funds stolen in the recent Curve Finance pool hack have now been returned. On July 31, Curve shared that a number of stablepools (alETH, msETH, and pETH) were exploited as a result of a malfunctioning re-entrancy lock. Curve lost 50% of its TVL and more than $62 million.
On August 3, Curve, Metronome, and Alchemix offered a 10% bounty on the stolen funds for the hacker if he returned the remaining 90%. They reassured that there wouldn’t be any law enforcement risks but stated that if the hacker didn’t comply by August 6, they would expand the bounty to the public.
The hacker started sending some of the stolen funds back. He started with a test of 1 alETH, followed by a return of 1,000 alETH and another of 3,819.6, according to Yahoo Finance. The hacker included a note with the transactions and said, “I’m refunding you not because you can find me, it’s because I don’t want to ruin your project.”
The total amount of stolen funds was approximately $73.5 million worth of cryptos, and nearly 73% of them have been returned. The total of 4,820 Alchemix ETH (alETH), which is worth $8.3 million, went back to Alchemix’s team’s wallet. Alchemix is the only one to have 100% of their stolen funds returned. Metronome received 90%, and the remaining $19.7 million worth of cryptos have not yet been returned by the 1st Curve CRV-ETH exploiter.
On August 6, Curve stated that the deadline for the voluntary return of funds from the Curve exploits had passed and offered the 10% bounty to the public. They said: We offer a reward of 10% of the remaining exploited funds (1.85 million) to the person who is able to identify the exploiter in a way that leads to a conviction in the courts. If the exploiter chooses to return the funds in full, we will not pursue this further.
Curve Finance’s founder, Michael Egorov, is currently facing considerable debt risks due to his 15.8 million FRAX debt and 59 million Curve DAO (CRV) collaterals.
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