Binance recovers $450k of the Curve Finance stolen funds: Changpeng Zhao

Changpeng Zhao Cayman Islands Binance Twitter

12.08.2022 - 19:21

Reading now: 679

livemint.com:

Binance founder Changpeng Zhao on Friday said they have recovered the majority of the Curve stolen funds. Earlier this week, Curve. Finance fell prey to a cyber attack with its domain name system (DNS) being hijacked. The Cayman Islands-based cryptocurrency exchange had stepped in by monitoring the situation at Curve. Through his Twitter account, CZ said Binance recovered $470,000 of the Curve stolen funds, representing over 83% of the hack.

CZ said, "Binance froze/recovered $450k of the Curve stolen funds, representing 83%+ of the hack."

"We are working with LE to return the funds to the users. The hacker kept on sending the funds to Binance in different ways, thinking we can't catch it," CZ added with a laughter emoji.

Binance froze/recovered $450k of the Curve stolen funds, representing 83%+ of the hack. We are working with LE to return the funds to the users. The hacker kept on sending the funds to Binance in different ways, thinking we can't catch it.

Read more on livemint.com

All news from livemint.com

About this in other media

Curve Finance totals record losses- Assessing potential of its growth ambcrypto.com /1 year ago

Ronin hackers transferred stolen funds from ETH to BTC and used sanctioned mixers cointelegraph.com /1 year ago

Velodrome recovers $350K stolen funds from team member Gabagool cointelegraph.com /1 year ago

The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.