White Hat Hacker Recovers $5.4 Million For DeFi Platform Curve Finance Amid Recent Exploit An ethical hacker
has recovered 2,879 ETH worth around $5.4 million for the decentralized finance (DeFi) protocol Curve Finance amid its recent hack losing
over $47 million. On July 30, the same day of the hack, it was reported
that an ethical hacker seized some assets by front-running the original hackers' malicious transactions.
A maximal value bot “c0ffeebabeeth” sent the recovered assets
to Curve’s deployers address with users hailing the move. However, most crypto enthusiasts suggest that it
will take a long time to recover from the damage.
While good news comes from one end, bad news still trickles in
as bad actors target victims of the hack with a new fraudulent scheme. Several accounts have been recorded both impersonating
Curve Finance and victims of the hack putting together fake refunds targeted at users who lost their assets.
Since the incident occurred,
Curve Finance has not made an official release concerning a potential fund rendering all associated postings so far, false.
