In the wake of the recent exploitation of Curve Finance, the malefactor has taken a surprising step by returning a significant portion of the stolen assets to the protocol.
Reports suggest that the exploiter has dispatched approximately $12.7 million worth of 4,820 units of Alchemix Ethereum (alETH) and 2,258 units of Ethereum (ETH) to the Alchemix Finance platform.
The hacker has given back $12.7 million worth of alETH. This happened after Curve asked the hacker on August 3rd to return the assets. The hacker then asked where to send them.
The assets were given back in three steps. First, there was a test transfer of 1 unit of alETH. After that, 1,000 alETH worth $1.7 million was returned around 9:00 a.m. ET. Then, a bit later, another 3,819 alETH worth $6.7 million was sent.
After giving back the alETH, the hacker returned 2,258 units of ETH valued at $4.2 million to an Alchemix Finance wallet. This led to a total return of funds around $12.7 million.
The person behind the Curve Finance exploit included a message in one of the transactions. This message explained their reason for the unexpected actions.
The message read thus:
“I saw some ridiculous views, so I want to clarify that I’m refunding you not because you can find me, it’s because I don’t want to ruin your project, maybe it’s a lot of money for a lot of people, but not for me, I’m smarter than all of you.”
Curve Finance experiences $24M exploit
Alchemix Finance is the entity that received the funds returned by the hacker. This organization operates as a decentralized finance (DeFi) protocol. Its foundation lies in a lending framework that interacts with Curve pools, which are a part of its operational structure.
This news comes right after Curve Finance faced a $24 million issue on July 30th, blamed on a Vyper attack.
After these events, the creator of Curve Finance, Michael Egorov, took action to prevent possible risks. He engaged in over-the-counter transactions involving more than 106 million CRV tokens, which is worth $42 million. This was done to avoid the potential danger of liquidation.
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