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.
Trending Stories
Fixed Float recovers $200,000 from Curve’s stolen funds
Fixed Float, a cross chain exchange also announced on Wednesday that it froze 112 ether ($200,000) that was stolen in the exploit.
As of now, the hackers might have lost just about all of the funds stolen from Curve as they were immediately traced and frozen.The DEX is not fully decentralized which might be one of the reasons the hackers sought it out to launder the funds.
“Our security department has frozen part of the funds in the amount of 112 ETH,” Fixed Float said on Twitter.
Curve is however yet to speak on the recovery of the stolen funds.
– [Just-In: Binance Freezes $450K Stolen From Curve.Finance (CRV)]
– [XRP Lawyer Calls Out SEC For Selective Enforcement; Cites Japanese Bank Case]
– [Vitalik Buterin: The Merge’s Exact Date Will Depend On Hashrate]
– [Peter Schiff Predicts “There Won’t Be Any New Highs For Bitcoin”, Here’s Why]
– [Breaking: “Hard Fork Is Inevitable,” EthereumPoW Retaliates ETC Cooperative]
– [Huobi Token Price Skyrockets By 21%; Here’s Why]
– [Jack Mallers’ Strike Launches Visa Card For Bitcoin Payments, Here’s How To Get Yours]
– [Is MakerDAO Moving All Its USDC Funds to ETH? Vitalik Buterin Calls It Terrible Idea]
– [Bitcoin Mcap Hits 2-Month Peak As Asset Breaks $24k Resistance]
– [Ethereum Whales Buying This Token Over Shiba Inu]
– [FTT Price Analysis: FTX Price At Make Or Break Situation]
– [Decentraland Price Analysis: MANA Consolidates Near $1.05; Are You Buying It?]
– [GALA Price Analysis: Rising RSI Foretells Breakout of $0.07 Resistance]
– [HT Price Analysis: What Next After a 30% Jump in Huobi Price?]
– [Bitcoin Price Analysis: BTC Consolidates Below $24,000; Is Bounce Back Possible?]
– [Harmony Price Analysis: Hit Three Month High Near $0.30; Hold or Exit?]
– [Solana Price Analysis: Bulls Faces Resistance Near $45.0; Is Reversal On Cards?]
– [Cardano Price Analysis: ADA Tests Multiple Resistance Near $5.40; What’s Next?]
– [Bitcoin Price Analysis: Bulls Aims For $26,000 Amid Sustained Buying]
– [Apecoin Price Analysis: APE Price Eyes 12% Jump With This Reversal].
