Leading cryptocurrency exchange Binance has helped recover crypto assets worth about $450,000 stolen from Curve Finance users. The funds represent about 83% of the total amount stolen from users.
Binance CEO Changpeng Zhao shared the update on Twitter today, noting that the Curve Finance hacker sent the assets to Binance using different techniques to bypass the exchange’s security. However, the company identified the transactions and froze the assets.
Binance to Return Funds to Curve Finance Users
According to CZ, Binance will return the recovered $450,000 to the victims. The exchange is currently working with law enforcement to make that happen.
Binance Curve уурдалган каражаттардын 450 миң долларын тоңдурду/кайтарып алды, бул бузуктуктун 83%+ түзөт. Биз колдонуучуларга каражаттарды кайтаруу үчүн LE менен иштеп жатабыз. Хакер биз аны кармай албайбыз деп ойлоп, Binance'ке каражаттарды ар кандай жолдор менен жөнөтө берген. ?#SAF https://t.co/Ekea9moeAw
- CZ? Binance (@cz_binance) August 12, 2022
DeFi protocol Curve Finance suffered a front-end attack earlier this week, with the hacker draining more than half a million dollars worth of ether (ETH). On-chain data suggests that the attacker made away with about 363 ETH (about $617,000 at the time).
Ылайык отчеттор, the attacker targeted the project’s nameserver curve. fi and redirected users to a cloned site. Unsuspected users who connected their wallets to the cloned website had their assets stolen.
Curve Finance Attack Escapes With $47,000
Shortly after the hijack, the attacker transferred 135 ETH ($230,000) to crypto exchange FixedFloat, perhaps hoping to launder the funds. However, the platform said it was able to freeze 112 ETH ($188,000) from the total it received.
After failing to launder stolen assets with FixedFloat and Binance, the attacker opted for a crypto mixer. According to чынжырдагы маалыматтар, the hijacker transferred 27.78 ETH ($47,000) to Tornado Cash, a popular mixer for crypto hackers that the United States recently Лукашенконун.
Meanwhile, this is not the first time Binance has helped to recover stolen crypto assets. The exchange usually confiscates stolen funds transferred to its platform. In one such окуя, the Binance security team recovered $350,000 of stolen funds in a DeFi exit scam.
Binance Акысыз $100 (Эксклюзив): бул шилтемени колдонуу Каттоо жана биринчи айда Binance Futures боюнча $100 бекер жана 10% арзандатуу жыйымдарын алуу (шарттары).
PrimeXBT атайын сунушу: бул шилтемени колдонуу каттоодон өтүңүз жана депозиттериңиз боюнча 50 долларга чейин алуу үчүн POTATO7,000 кодун киргизиңиз.
Source: https://cryptopotato.com/binance-recovers-83-of-stolen-funds-in-curve-finance-dns-attack/