The exploiter responsible for draining some $61 million assets held on decentralized exchange Curve Finance has returned some of the stolen crypto after engaging in talks on Friday, blockchain data shows.
In a message linked to an Ethereum blockchain transaction, the looter asked Alchemix, one of the victims of the heist, to confirm the protocol’s address they could return the assets. Soon after, they transferred 4,820 ether (ETH), some $8.9 million worth to Alchemix’s multisig wallet, blockchain data on Etherscan shows.
CRV, the governance token of Curve, jumped on the news and is up 5% during the day.
The transactions spur hope that most of the stolen assets could be recovered to victims in one of the most dramatic crypto exploit this year. Curve, Metronome and Alchemix lost $61.7 million of crypto assets over the weekend when an unknown hacker exploited a coding bug to loot multiple trading pools.
The impacted protocols offered Thursday a 10% bounty for returning the assets by August 6, CoinDesk reported.
Jul 22, 2020 at 16:00 UTCBitcoin News Roundup for July 22, 2020With the price of BTC taking a breather following yesterdays jump, CoinDesk’s Markets Daily is back with another bitcoin news roundup. For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. This…
May 28, 2020 at 13:00 UTCGenesis Trading CEO Michael Moro speaks at Invest: Asia 2019. (Credit: CoinDesk archives)Digital currency giant Genesis Global Trading has launched a derivatives trading desk to be led by former Galaxy Digital staffer Joshua Lim. The desk will provide liquidity across crypto derivatives markets and trade cleared and bilateral over-the-counter (OTC)…
Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, stepped down from his role running the platform as part of a settlement with multiple federal agencies. Meanwhile, Kraken is facing a lawsuit from the U.S. Securities and Exchange Commission
news Networking giant Cisco Systems selected the blockchain-based platform developed by SingularityNET to host its decentralized AGI project. Artificial General Intelligence is a branch of AI that focuses on a computer’s ability to learn intellectual tasks. Whereas existing AI might learn to read characters on a page, for example, a true AGI system might intuit…
Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.Genesis was "largely repaid" the nearly $8 billion in loans made…
ZkSync has said that the upcoming v24 upgrade will be the last before handing over network governance to the community.The layer-2 blockchain has $141 million in total value locked (TVL).06:56Get Started with DESK: How to Set Up Your Wallet and Claim Your Airdrop07:20New Terra Blockchain Expected to Launch Saturday04:21Ukraine Confirms Airdrop for Crypto DonationsZero-knowledge (ZK)
Dec 9, 2019 at 11:00 UTCUpdated Dec 9, 2019 at 10:56 UTCBitcoin’s weekly chart is reporting a bullish golden cross of the 50- and 100-period moving averages. The widely followed, but lagging, indicator may fail to attract buyers as broader market conditions are currently bearish. A UTC close above $7,870 is needed to confirm a short-term…
We Still Don’t Know Bitcoin’s Real VolumeGalen Moore is a Senior Research Analyst at CoinDesk. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here.Fake volume became one of crypto assets' leading narratives of 2019, as a U.S. regulatory application for an exchange-traded…
Apr 22, 2020 at 05:00 UTCChainvine CEO Oliver Oram said COVID has thrashed his budget. "Everything has to be slashed at the moment because you don't even know where normality will come back.” (Credit: Loveandrock / Shutterstock)UK’s Tech Bailout Could Help Blockchain Devs Weather COVID-19 ShutdownBritain's tech startups are getting a tailor-made COVID-19 relief fund.On…