Binance CEO: Firm Has Recovered 83% of Stolen Funds of Curve Finance

Curve Finance, a well-known automated market maker, was targeted earlier this week. The website acknowledged on Twitter that its DNS had been compromised. According to several people, a staggering $570K was stolen from the platform. Reports indicate that Binance appears to have recovered a sizable portion of the assets. Binance Recovers Stolen Funds From Curve.Fi The CEO of Binance, the biggest cryptocurrency exchange in the world, Changpeng Zhao, well known by his screen name CZ, tweeted that they had been able to retrieve $450K of the stolen assets. CZ noted that the exchange had successfully recovered more than 83% of the stolen money. In an additional jab at the hacker, he tweeted: 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 is also attempting to reimburse the hacking victims for their lost money. But there’s still something unclear about the cryptocurrency business. Announcement By Curve.Fi As we reported earlier, the platform’s DNS was taken over by attackers. On the home page, the hacker allegedly created a harmful contract. The victim then approved the contract, which led to the theft. According to Zhao, Curve Finance used GoDaddy for DNS. We...