Curve (CRV) is offering a bounty to smoke out the hacker who emptied the decentralized finance (DeFi) platform of tens of millions of dollars worth of crypto assets more than a week ago.
In a post on the Ethereum (ETH) blockchain explorer Etherscan, Curve says it is now offering a $1.85 million bounty to anyone who would provide information to identify the exploiter after the expiration of an amnesty period.
“The deadline for the voluntary return of funds in the Curve exploit has passed at 0800 UTC (Coordinated Universal Time). We are now extending the bounty to the public and offering a reward worth 10% of the remaining funds exploited (currently $1.85 million) to the person who can identify the exploiter in a way that leads to a conviction in court .
If the exploiter chooses to return the money in full, we will not comment further.
Please contact us at curvenegotiation@protonmail.com.”
Blockchain security infrastructure company BlockSec said several liquidity pools on Curve lost more than $41 million following the hack that happened in late July.
The hack also caused a liquidity flight on the platform, with the total value locked (TVL) on Curve dropping from $3.25 billion prior to the exploit to about $1.58 billion after the incident. Curve’s TVL has partially recovered and sits at around $2.4 billion at the 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 measure the health of a crypto ecosystem.
Meanwhile, Curve’s native token CRV also witnessed a major corrective move after the event, moving from $0.75 to $0.59 in about a day. CRV has yet to recover and is trading at $0.608 at the time of writing.
Don’t Miss Out – Subscribe to receive email alerts delivered straight to your inbox
Check price action
follow us on TwitterFacebook and Telegram
Surf the Daily Hodl mix
Image generated: Midway through the journey