ICrypto

Hotest Blockchain News in First Media Index

Just-In: Binance Freezes $450K Stolen From Curve.Finance (CRV)

CEO of Binance, Changpeng Zhao “CZ” has shared on Twitter that $450k has been recovered from the funds stolen by hackers on exchange liquidity pool Curve Finance a few days ago. The decentralized finance (DeFi) protocol had its front end compromised which left the platform vulnerable for a few hours.

Hackers tried to launder stolen funds through Binance

On Friday, CZ said that about 83% of funds stolen from Curve during an exploit earlier this week has been frozen. This comes three days after the attack where hackers managed to steal about $570,000 from the DeFi protocol.

The CEO of the leading crypto exchange Binance, also relayed that BINANCE will work with law enforcement to recover and distribute to users all the funds stolen during the hack. He tweeted,

Binance froze/recovered $450k of the Curve stolen funds. We are working with LE [law enforcement] to return the funds to the users.

The hackers reportedly sent the funds to Binance with different accounts and through different ways in an attempt to launder the stolen funds but they were fished out and the funds subsequently frozen.

Share
 12.08.2022

Hotest Cryptocurrency News

End of content

No more pages to load

Next page