JPEG'd confirms 5,495 ETH return from hacker Curve
The hacker drained multiple pools on Curve Finance, stealing around $70 million, but gradually began returning funds to various projects.
News
Join us on social networks
Non-Fungible Token (NFT) and Decentralized Finance Protocol (DeFi) JPEG'd has confirmed that 5,495 Ether (ETH), worth around $10 million at current prices, has been returned from the Hacker Curve Finance.
In exchange for returning the stolen funds on July 30, the hacker received a bounty of 610.6 ETH ($1.1 million).
JPEG exploit update:
It looks like 5495 ETH was returned just now for a 10% whitehat bounty.
0x003b00378ac52c10200d8fcac0e42138a34e46b9d7c3350ad3372ae0eb141df3
Michael Razum is not the exploiter but was tied to the channel as a few of his contracts were exhausted by this person. pic.twitter.com/mc3GGx2gyd
— ZachXBT (@zachxbt) August 4, 2023JPEG'd is a DeFi lending protocol that allows users to borrow funds against their collateralized NFTs. The protocol lost $11.6 million worth of crypto in the Curve hack.
In an August 4 X (formerly Twitter) thread, the team stated that the funds were returned to the multisig wallet address of the decentralized autonomous organization JPEG.
"Any investigation or legal proceeding against the entity will end. We view this event as a white hat rescue," the JPEG'd team said.
JPEG'd DAO confirms receipt of 5494.4 WETH to JPEG'd Multisig for a total of 5495.4 WETH. A 10% white hat bounty of 610.6 WETH has been awarded to the owner of the address who recovered the funds from the pETH exploit.https://t.co/nIBwHHxfQU
— JPEG (@JPEGd_69) August 4, 2023The DeFi ecosystem received a major blow at the end of July after several liquidity pools on
The hacker drained multiple pools on Curve Finance, stealing around $70 million, but gradually began returning funds to various projects.
News
Join us on social networks
Non-Fungible Token (NFT) and Decentralized Finance Protocol (DeFi) JPEG'd has confirmed that 5,495 Ether (ETH), worth around $10 million at current prices, has been returned from the Hacker Curve Finance.
In exchange for returning the stolen funds on July 30, the hacker received a bounty of 610.6 ETH ($1.1 million).
JPEG exploit update:
It looks like 5495 ETH was returned just now for a 10% whitehat bounty.
0x003b00378ac52c10200d8fcac0e42138a34e46b9d7c3350ad3372ae0eb141df3
Michael Razum is not the exploiter but was tied to the channel as a few of his contracts were exhausted by this person. pic.twitter.com/mc3GGx2gyd
— ZachXBT (@zachxbt) August 4, 2023JPEG'd is a DeFi lending protocol that allows users to borrow funds against their collateralized NFTs. The protocol lost $11.6 million worth of crypto in the Curve hack.
In an August 4 X (formerly Twitter) thread, the team stated that the funds were returned to the multisig wallet address of the decentralized autonomous organization JPEG.
"Any investigation or legal proceeding against the entity will end. We view this event as a white hat rescue," the JPEG'd team said.
JPEG'd DAO confirms receipt of 5494.4 WETH to JPEG'd Multisig for a total of 5495.4 WETH. A 10% white hat bounty of 610.6 WETH has been awarded to the owner of the address who recovered the funds from the pETH exploit.https://t.co/nIBwHHxfQU
— JPEG (@JPEGd_69) August 4, 2023The DeFi ecosystem received a major blow at the end of July after several liquidity pools on
What's Your Reaction?
