The attack took place on July 30 and resulted in over $61 million in cryptocurrencies drained, including $13.6 million from Alchemix’s alETH-ETH pool.
Along with Alchemix, JPEGd’s pETH-ETH pool saw outflows of $11.4 million, and Metronome’s sETH-ETH pool was drained in over $1.6 million. The hacker targeted stable pools on Curve Finance using vulnerable versions of the Vyper programming language through reentrancy attacks.pool have now been returned.The return of funds started after the hacker accepted a bug bounty offer. Curve, Metronome and Alchemix jointly announced an initiative to recover stolen funds on Aug.
The attacker posted a message that seems to have been directed at the Alchemix and Curve teams, claiming to be willing to return the funds but only because the person didn’t want to “ruin” the projects involved. "I'm refunding not because you can find me, it’s because I don’t want to ruin your project," reads the on-chain message.confirming that 5,495 Ether has been returned by the hacker“Any further investigations or legal matters against the entity will end. We view this occurrence as a white-hat rescue,” the JPEG’d team stated.
Their dedication to security and collaboration with other protocols led to a $7 million bug bounty offer that compelled the hacker to return the funds.
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Source: Reuters - 🏆 2. / 97 Read more »