Binance CEO Changpeng Zhao took to Twitter today to announce that the crypto exchange had managed to freeze a hefty portion of stolen funds from Curve Finance.
“Binance froze/recovered (sic) $450k of the Curve stolen funds, representing 83%+ of the hack,” tweeted Zhao. “We are working with [law enforcement] 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.”
Curve Finance, a popular decentralized exchange, suffered a frontend attack on Monday on its nameserver curve.fi, resulting in a $570,000 loss of Ethereum (ETH) from the platform.
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. #SAFU https://t.co/Ekea9moeAw
— CZ Binance (@cz_binance) August 12, 2022
Binance wasn’t the only exchange to catch the Curve thieves...
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