Hackers Recoup 73% of Stolen Crypto Funds: White Hats Lead the Way!

• Curve Finance recently recouped 73% of the funds stolen in a reentrancy vulnerability exploit.
• White hat hackers and ethical hackers were able to retrieve $7 million, $1.6 million, and $5.3 million in assets respectively.
• The remaining funds are still unaccounted for, but Curve has given the hacker until August 6th to return them voluntarily.

Exploit Causes Loss of Funds

Curve Finance recently suffered from a reentrancy vulnerability exploit, resulting in the loss of over $70 million in digital assets.

White Hat Hackers Assist Recovery Efforts

White hat hackers and ethical hackers were instrumental in recouping 73% of the stolen funds from various parties. For instance, “c0ffeebabe.eth” was able to retrieve $7 million of the stolen funds while Alchemix’s Operation White Hat recovered a further $13 million. Additionally, Jpegd frontrunner relinquished $11.5 million equating to 90% of the originally stolen funds or 5,495 WETHs.

Voluntary Return Deadline Extended

Curve initially gave the hacker until August 6th to return 90% of the stolen funds; however, the deadline elapsed with more than $18 million unaccounted for. While it’s uncertain whether voluntary returns will keep coming in, Curve maintains that it won’t pursue the matter further if all remaining funds are returned in full before an unspecified date.

Crypto Funds Struggling Despite BTC Rebound

Crypto funds are struggling despite BTC’s rebound as 97 crypto funds have collapsed this year alone due to hacks and scams like this one at Curve Finance .

Protect Yourself From Fraudulent Activity

To protect yourself from fraudulent activity such as hacks and scams users should read resources like As Another Token Bridge Gets Hacked: How Can Crypto Users Protect Themselves? which provide tips on staying safe online when interacting with cryptocurrencies .