Curve (CRV) is putting up a bounty to smoke out the hacker who drained the decentralized finance (DeFi) platform of tens of millions of dollars in crypto assets over a week ago.
In a note posted on the Ethereum (ETH) blockchain explorer Etherscan, Curve says that it is now offering a $1.85 million bounty to anyone who would provide information identifying the exploiter following the lapse of an amnesty period.
[adinserter block="1"]“The deadline for the voluntary return of funds in the Curve exploit passed at 0800 UTC (coordinated universal time). We now extend the bounty to the public and offer a reward valued at 10% of the remaining exploited funds (currently $1.85 million) to the person who is able to identify the exploiter in a way that leads to a conviction in the courts.
If the exploiter chooses to return the funds in full, we will not pursue this further.
Contact us at curvenegotiation@protonmail.com.”
Blockchain security infrastructure firm BlockSec said that several liquidity pools on Curve lost over $41 million following the hack that occurred in late July.
The hack also triggered liquidity flight on the platform with the total value locked (TVL) on Curve falling from $3.25 billion prior to the exploit to around $1.58 billion after the incident. Curve’s TVL has partially recovered and sits around $2.4 billion at time of writing, according to DeFi Llama.
TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem.
Meanwhile, Curve’s native token CRV also witnessed a deep corrective move following the event, sliding from $0.75 to $0.59 in about a day. CRV has yet to recover and is trading at $0.608 at time of writing.
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