Changpeng Zhao, Binance CEO, tweeted August 12th that 83% of funds taken from Curve Finance had been frozen by the exchange after the hacker tried to use Binance to transfer them.
Binance recovered $450k of Curve’s stolen funds and froze it. This represents 83%+ of the hack. We are currently working with LE to return funds to users. We are working with LE to return the funds to the users. The hacker continued sending money to Binance in various ways believing we couldn’t catch him.
#SAFU https://t.co/Ekea9moeAw
— CZ
August 12, 2022, Binance (@cz_binance).
Binance is currently working closely with law enforcement agencies to return the funds.
Timeline for the DNS Exploit
Hackers stole Curve Finance’s DNS on August 9th, resulting in a loss of $570,000. DNS spoofing enabled the Curve website to be cloned. This routed to their IP address where the cloned website was deployed. Additionally, it added approval requests for a malicious contract.
@CurveFinance frontend has been compromised. Please do not use it until further notice.
— samczsun (@samczsun) August 9, 2022
The Curve team quickly responded to the problem, although there were initially restrictions for users in some regions. Users can now access curve.fi freely as of August 10.
Finally, DNS settings for https://t.co/vOeMYOTq0l propagated everywhere, so it is safe to use in every location on Earth.https://t.co/UKYBuunAhY and chain-specific sites got updated much earlier.
Curve Finance (@CurveFinance), August 10, 2022
Binance recovers $450K from Curve DNS Hack CryptoSlate
Did you miss our previous article…
https://www.goldcoastmoneyonline.com/report-from-crypto-whales/
